IES (NASDAQ:IESC) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

IES (NASDAQ:IESC) traded up $0.05 on Thursday, reaching $17.50. 111,101 shares of the company’s stock traded hands, compared to its average volume of 47,025. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $372.33, a P/E ratio of 22.37 and a beta of 0.68. IES has a fifty-two week low of $14.05 and a fifty-two week high of $21.95.

A number of institutional investors and hedge funds have recently bought and sold shares of IESC. Bridge City Capital LLC purchased a new position in IES during the second quarter valued at $1,105,000. Boston Partners purchased a new position in shares of IES in the second quarter worth about $1,028,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of IES in the second quarter worth about $686,000. IndexIQ Advisors LLC purchased a new position in shares of IES in the second quarter worth about $475,000. Finally, State Street Corp lifted its stake in shares of IES by 20.0% in the second quarter. State Street Corp now owns 128,224 shares of the technology company’s stock worth $2,327,000 after buying an additional 21,407 shares in the last quarter. 77.62% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/12/16/bidaskclub-upgrades-ies-iesc-to-buy.html.

IES Company Profile

IES Holdings, Inc, formerly Integrated Electrical Services, Inc, is a holding company that owns and manages diverse operating subsidiaries across a range of infrastructure-related end markets. The Company operates through four segments: Communications, Residential, Commercial & Industrial, and Infrastructure Solutions.

Receive News & Ratings for IES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IES and related companies with MarketBeat.com's FREE daily email newsletter.