IEC Electronics Corp (IEC) Research Coverage Started at Maxim Group
Stock analysts at Maxim Group started coverage on shares of IEC Electronics Corp (NYSE:IEC) in a research note issued on Thursday, The Fly reports. The brokerage set a “buy” rating on the technology company’s stock.
Other research analysts have also issued reports about the stock. Noble Financial reaffirmed a “buy” rating on shares of IEC Electronics Corp in a research note on Saturday, May 13th. TheStreet lowered shares of IEC Electronics Corp from a “c” rating to a “d+” rating in a research note on Monday, June 12th. Finally, Zacks Investment Research raised shares of IEC Electronics Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $3.73.
IEC Electronics Corp (IEC) opened at 4.12 on Thursday. IEC Electronics Corp has a 52 week low of $3.21 and a 52 week high of $5.17. The company has a market capitalization of $42.50 million and a PE ratio of 132.90. The firm has a 50-day moving average of $3.91 and a 200-day moving average of $3.75.
IEC Electronics Corp (NYSE:IEC) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The business had revenue of $26.49 million for the quarter, compared to analyst estimates of $26 million. IEC Electronics Corp had a negative net margin of 2.88% and a negative return on equity of 19.12%. Equities analysts expect that IEC Electronics Corp will post $0.08 earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in IEC. Punch & Associates Investment Management Inc. increased its stake in shares of IEC Electronics Corp by 115.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 273,200 shares of the technology company’s stock valued at $1,049,000 after buying an additional 146,430 shares in the last quarter. Walthausen & Co. LLC increased its stake in shares of IEC Electronics Corp by 98.6% in the second quarter. Walthausen & Co. LLC now owns 158,870 shares of the technology company’s stock valued at $572,000 after buying an additional 78,870 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of IEC Electronics Corp by 12.4% in the fourth quarter. Renaissance Technologies LLC now owns 289,300 shares of the technology company’s stock valued at $1,033,000 after buying an additional 32,000 shares in the last quarter.
About IEC Electronics Corp
IEC Electronics Corp. provides electronic manufacturing services (EMS) to a range of technology companies that produce life-saving and mission critical products for the medical, industrial, aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with an array of manufacturing services encompassing electronics, interconnect solutions and precision metalworking.
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