Zacks: IntriCon Corporation (IIN) Given $16.00 Consensus Target Price by Brokerages
Shares of IntriCon Corporation (NASDAQ:IIN) have been assigned an average broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a buy rating on the company. IntriCon Corporation’s rating score has declined by 25% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a twelve-month consensus target price of $16.00 for the company and are forecasting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given IntriCon Corporation an industry rank of 59 out of 265 based on the ratings given to related companies.
Several brokerages have issued reports on IIN. Zacks Investment Research raised shares of IntriCon Corporation from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Friday, August 18th. TheStreet raised shares of IntriCon Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, November 8th. Finally, Longbow Research reaffirmed a “neutral” rating on shares of IntriCon Corporation in a research note on Friday, August 25th.
Shares of IntriCon Corporation (NASDAQ:IIN) opened at $15.45 on Thursday. IntriCon Corporation has a one year low of $5.80 and a one year high of $16.95. The company has a current ratio of 1.51, a quick ratio of 0.64 and a debt-to-equity ratio of 0.46. The stock has a market cap of $107.36, a price-to-earnings ratio of 173.89, a price-to-earnings-growth ratio of 2.30 and a beta of 0.13.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp raised its holdings in IntriCon Corporation by 10.2% in the 2nd quarter. Northern Trust Corp now owns 21,040 shares of the technology company’s stock valued at $172,000 after buying an additional 1,942 shares during the period. Vanguard Group Inc. raised its holdings in IntriCon Corporation by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,813 shares of the technology company’s stock valued at $174,000 after buying an additional 1,200 shares during the period. Essex Investment Management Co. LLC purchased a new stake in IntriCon Corporation in the 3rd quarter valued at about $267,000. EAM Investors LLC purchased a new stake in IntriCon Corporation in the 3rd quarter valued at about $588,000. Finally, Renaissance Technologies LLC raised its holdings in IntriCon Corporation by 6.0% in the 1st quarter. Renaissance Technologies LLC now owns 184,899 shares of the technology company’s stock valued at $1,683,000 after buying an additional 10,499 shares during the period. Institutional investors and hedge funds own 31.06% of the company’s stock.
About IntriCon Corporation
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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