IEC Electronics Rating Increased to Buy at Noble Financial (IEC)
IEC Electronics (NYSE:IEC) was upgraded by Noble Financial from a “hold” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $6.00 price target on the stock. Noble Financial’s price objective indicates a potential upside of 35.44% from the stock’s previous close.
IEC Electronics (NYSE:IEC) opened at 4.43 on Thursday. IEC Electronics has a 1-year low of $3.52 and a 1-year high of $6.02. The stock has a 50-day moving average of $4.27 and a 200-day moving average of $4.3. The company’s market cap is $44.5 million.
IEC Electronics (NYSE:IEC) last announced its earnings results on Tuesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $33.00 million for the quarter, compared to the consensus estimate of $35.50 million. Analysts expect that IEC Electronics will post $-0.14 EPS 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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