Hanson & Doremus Investment Management purchased a new position in Integer Holdings Co. (NASDAQ:ITGR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 21,634 shares of the company’s stock, valued at approximately $669,000.
Separately, Nisa Investment Advisors LLC acquired a new position in shares of Integer Holdings during the second quarter worth $1,036,000.
Shares of Integer Holdings Co. (NASDAQ:ITGR) traded down 2.43% during midday trading on Friday, hitting $19.71. The stock had a trading volume of 79,900 shares. The stock’s 50-day moving average price is $22.36 and its 200 day moving average price is $28.90. Integer Holdings Co. has a 52 week low of $19.65 and a 52 week high of $61.06. The company’s market cap is $607.09 million.
Integer Holdings (NASDAQ:ITGR) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.14. The firm had revenue of $348.38 million for the quarter, compared to the consensus estimate of $356.72 million. Integer Holdings’s quarterly revenue was up 99.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 earnings per share. On average, equities analysts forecast that Integer Holdings Co. will post $2.60 earnings per share for the current year.
ITGR has been the topic of a number of recent analyst reports. TheStreet downgraded Integer Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Zacks Investment Research cut Integer Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $57.00.
About Integer Holdings
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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