Zacks: IntriCon Co. (IIN) Receives Average Rating of “Hold” from Brokerages
Shares of IntriCon Co. (NASDAQ:IIN) have earned a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a buy rating to the company.
Brokers have set a one year consensus price objective of $22.00 for the company and are anticipating that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned IntriCon an industry rank of 99 out of 265 based on the ratings given to its competitors.
A number of research firms have commented on IIN. Zacks Investment Research upgraded shares of IntriCon from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday. TheStreet upgraded shares of IntriCon from a “c” rating to a “b-” rating in a research note on Wednesday, November 8th.
A number of institutional investors and hedge funds have recently modified their holdings of IIN. Pacific Alternative Asset Management Company LLC grew its position in IntriCon by 73.4% during the second quarter. Pacific Alternative Asset Management Company LLC now owns 292,853 shares of the technology company’s stock worth $2,394,000 after buying an additional 123,942 shares during the period. EAM Investors LLC purchased a new stake in shares of IntriCon in the third quarter valued at about $588,000. Algert Global LLC purchased a new stake in shares of IntriCon in the third quarter valued at about $396,000. Essex Investment Management Co. LLC purchased a new stake in shares of IntriCon in the third quarter valued at about $267,000. Finally, Northern Trust Corp lifted its holdings in shares of IntriCon by 10.2% in the second quarter. Northern Trust Corp now owns 21,040 shares of the technology company’s stock valued at $172,000 after purchasing an additional 1,942 shares in the last quarter. Institutional investors own 33.89% of the company’s stock.
IntriCon (NASDAQ IIN) traded down $0.15 during midday trading on Thursday, reaching $19.90. 69,400 shares of the company’s stock were exchanged, compared to its average volume of 101,200. The company has a current ratio of 1.45, a quick ratio of 0.54 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $137.72, a price-to-earnings ratio of -198.98, a PEG ratio of 1.67 and a beta of 0.32. IntriCon has a one year low of $6.05 and a one year high of $21.75.
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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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