BidaskClub upgraded shares of IES (NASDAQ:IESC) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, BidAskClub reports.

NASDAQ:IESC opened at $20.12 on Wednesday. The company has a market cap of $438.54 million, a P/E ratio of 12.30 and a beta of 0.50. The stock’s fifty day moving average price is $19.11 and its two-hundred day moving average price is $18.43. IES has a 1 year low of $14.61 and a 1 year high of $20.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.40.

IES (NASDAQ:IESC) last posted its earnings results on Friday, August 2nd. The technology company reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $282.60 million for the quarter. IES had a return on equity of 15.72% and a net margin of 2.75%.

Several large investors have recently bought and sold shares of the business. Stonebridge Capital Advisors LLC purchased a new stake in shares of IES during the second quarter worth $166,000. Vanguard Group Inc. raised its position in shares of IES by 1.2% in the second quarter. Vanguard Group Inc. now owns 376,190 shares of the technology company’s stock worth $7,091,000 after buying an additional 4,546 shares in the last quarter. Northern Trust Corp raised its position in shares of IES by 2.7% in the second quarter. Northern Trust Corp now owns 95,149 shares of the technology company’s stock worth $1,793,000 after buying an additional 2,492 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of IES by 8.6% in the second quarter. Renaissance Technologies LLC now owns 275,532 shares of the technology company’s stock worth $5,194,000 after buying an additional 21,914 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of IES by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 32,238 shares of the technology company’s stock worth $607,000 after buying an additional 3,153 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

About IES

IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.

Further Reading: Cost of Debt

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