IEC Electronics Downgraded to Underperform at Zacks (IEC)
IEC Electronics (NYSE:IEC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday, AmericanBankingNews.com reports. They currently have a $3.80 price target on the stock. Zacks‘ price objective would indicate a potential downside of 5.00% from the stock’s previous close.
A number of other analysts have also recently weighed in on IEC. Analysts at Thomson Reuters/Verus upgraded shares of IEC Electronics from a “sell” rating to a “hold” rating in a research note on Monday, January 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.48.
IEC Electronics (NYSE:IEC) traded up 2.49% on Tuesday, hitting $4.12. The stock had a trading volume of 76,890 shares. IEC Electronics has a 1-year low of $2.92 and a 1-year high of $6.29. The stock has a 50-day moving average of $4.02 and a 200-day moving average of $3.98. The company’s market cap is $41.3 million.
IEC Electronics (NYSE:IEC) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.05 by $0.04. On average, analysts predict that IEC Electronics will post $0.10 earnings per share for the current fiscal year.
IEC Electronics Corp. (NYSE:IEC) is a provider of electronic contract manufacturing services (EMS) to advanced technology companies.
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