IntriCon (NASDAQ:IIN) was downgraded by investment analysts at Dougherty & Co from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports.
Several other equities research analysts have also recently weighed in on IIN. TheStreet raised IntriCon from a “c+” rating to a “b” rating in a research note on Friday, August 31st. B. Riley boosted their price objective on IntriCon from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. Zacks Investment Research raised IntriCon from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Finally, Stifel Nicolaus boosted their target price on IntriCon from $35.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, June 15th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $62.67.
NASDAQ IIN traded down $7.30 during trading hours on Tuesday, hitting $63.75. 6,510 shares of the company were exchanged, compared to its average volume of 347,538. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.85. IntriCon has a 52 week low of $9.75 and a 52 week high of $76.80. The stock has a market capitalization of $592.37 million, a P/E ratio of 219.83, a PEG ratio of 7.55 and a beta of 0.48.
IntriCon (NASDAQ:IIN) last issued its quarterly earnings data on Wednesday, July 25th. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.15. IntriCon had a return on equity of 19.76% and a net margin of 4.32%. The company had revenue of $30.16 million for the quarter, compared to analysts’ expectations of $26.10 million. equities research analysts anticipate that IntriCon will post 0.73 earnings per share for the current fiscal year.
In other IntriCon news, Director Philip Irving Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $74.18, for a total transaction of $741,800.00. Following the completion of the transaction, the director now owns 6,667 shares in the company, valued at $494,558.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.20% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC purchased a new stake in shares of IntriCon in the first quarter valued at approximately $166,000. GSA Capital Partners LLP purchased a new stake in shares of IntriCon in the second quarter valued at approximately $226,000. Navellier & Associates Inc purchased a new stake in shares of IntriCon in the first quarter valued at approximately $231,000. Rhumbline Advisers purchased a new stake in shares of IntriCon in the second quarter valued at approximately $232,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of IntriCon in the third quarter valued at approximately $267,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
IntriCon Corporation, together with its subsidiaries, designs, develops, engineers, manufactures, and distributes body-worn devices in the United States, Europe, Asia, and internationally. The company operates in two segments, Body Worn Devices and Hearing Health Direct-To-Consumer. It offers micro-miniature products, microelectronics; micro-mechanical assemblies; high-precision injection-molded plastic components; and assemblies and software solutions for medical bio-telemetry devices, hearing healthcare, and professional audio communication devices markets.
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