IEC Electronics Corp (IEC) Receives Average Recommendation of “Hold” from Analysts
IEC Electronics Corp (NYSEAMERICAN:IEC) has earned an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.10.
A number of equities research analysts have recently weighed in on IEC shares. Noble Financial reissued a “buy” rating on shares of IEC Electronics in a report on Thursday, August 10th. Maxim Group started coverage on shares of IEC Electronics in a report on Thursday, August 17th. They set a “buy” rating and a $7.00 price objective on the stock. ValuEngine raised shares of IEC Electronics from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Zacks Investment Research lowered shares of IEC Electronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, TheStreet raised shares of IEC Electronics from a “d+” rating to a “c-” rating in a report on Monday, October 16th.
An institutional investor recently raised its position in IEC Electronics stock. Walthausen & Co. LLC increased its stake in shares of IEC Electronics Corp (NYSEAMERICAN:IEC) by 98.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 158,870 shares of the technology company’s stock after purchasing an additional 78,870 shares during the period. Walthausen & Co. LLC owned 1.54% of IEC Electronics worth $572,000 as of its most recent filing with the Securities & Exchange Commission.
IEC Electronics Company Profile
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.
Receive News & Ratings for IEC Electronics Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IEC Electronics Corp and related companies with MarketBeat.com's FREE daily email newsletter.