IntriCon Corp. (IIN) Given Consensus Rating of “Buy” by Brokerages
IntriCon Corp. (NASDAQ:IIN) has earned an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.
Brokerages have set a 1 year consensus target price of $10.00 for the company and are anticipating that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also given IntriCon Corp. an industry rank of 173 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of IntriCon Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday, August 4th.
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IntriCon Corp. (NASDAQ:IIN) traded up 4.35% during midday trading on Tuesday, hitting $6.00. 220 shares of the stock traded hands. IntriCon Corp. has a 12-month low of $4.12 and a 12-month high of $8.65. The firm’s market cap is $40.77 million. The company’s 50-day moving average is $5.23 and its 200 day moving average is $5.32.
IntriCon Corp. (NASDAQ:IIN) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.14. IntriCon Corp. had a negative net margin of 0.05% and a positive return on equity of 2.36%. The firm earned $17 million during the quarter, compared to analysts’ expectations of $16.71 million. On average, analysts anticipate that IntriCon Corp. will post ($0.10) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Coe Capital Management LLC bought a new position in shares of IntriCon Corp. during the second quarter valued at $240,000. Bard Associates Inc. bought a new position in shares of IntriCon Corp. during the second quarter valued at $211,000. AWM Investment Company Inc. bought a new position in shares of IntriCon Corp. during the second quarter valued at $294,000. Heartland Advisors Inc. bought a new position in shares of IntriCon Corp. during the second quarter valued at $2,136,000. Finally, Renaissance Technologies LLC raised its position in shares of IntriCon Corp. by 0.9% in the first quarter. Renaissance Technologies LLC now owns 171,500 shares of the company’s stock valued at $1,092,000 after buying an additional 1,500 shares during the period. 23.33% of the stock is owned by institutional investors.
IntriCon Corp. Company Profile
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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