IntriCon Corporation (IIN) Hits New 1-Year High at $15.84
IntriCon Corporation (NASDAQ:IIN) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.84 and last traded at $14.40, with a volume of 36200 shares. The stock had previously closed at $14.45.
IIN has been the subject of several recent research reports. TheStreet raised shares of IntriCon Corporation from a “c” rating to a “b-” rating in a report on Wednesday, November 8th. Zacks Investment Research cut shares of IntriCon Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Longbow Research reissued a “neutral” rating on shares of IntriCon Corporation in a report on Friday, August 25th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $10.25.
The company has a debt-to-equity ratio of 0.46, a current ratio of 1.51 and a quick ratio of 0.64. The company has a market cap of $107.36, a price-to-earnings ratio of 173.89, a PEG ratio of 2.30 and a beta of 0.13.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IIN. Pacific Alternative Asset Management Company LLC increased its holdings in IntriCon Corporation by 73.4% in the second quarter. Pacific Alternative Asset Management Company LLC now owns 292,853 shares of the technology company’s stock valued at $2,394,000 after buying an additional 123,942 shares in the last quarter. EAM Investors LLC purchased a new position in IntriCon Corporation in the third quarter valued at $588,000. Essex Investment Management Co. LLC purchased a new position in IntriCon Corporation in the third quarter valued at $267,000. Renaissance Technologies LLC increased its holdings in IntriCon Corporation by 6.0% in the first quarter. Renaissance Technologies LLC now owns 184,899 shares of the technology company’s stock valued at $1,683,000 after buying an additional 10,499 shares in the last quarter. Finally, Heartland Advisors Inc. increased its holdings in IntriCon Corporation by 0.6% in the second quarter. Heartland Advisors Inc. now owns 809,499 shares of the technology company’s stock valued at $6,618,000 after buying an additional 4,622 shares in the last quarter. 31.06% of the stock is owned by institutional investors.
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About IntriCon Corporation
IntriCon Corporation is engaged in designing, developing, engineering, manufacturing and distributing body-worn devices. The Company operates through body-worn device segment. The Company serves the body-worn device market by designing, developing, engineering and manufacturing micro-miniature products, microelectronics, micro-mechanical assemblies, complete assemblies and software solutions, primarily for the value hearing health market, the medical bio-telemetry market and the professional audio communication market.
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