According to Zacks, “IEC Electronics Corp. is a full service, ISO 9001 and 9002 certified, contract manufacturer employing state-of-the-art production utilizing both surface mount and pin-through-hole technology. IEC offers its customers a wide range of manufacturing and management services, on either a turnkey or consignment basis, including design prototyping, material procurement and control, concurrent engineering services, manufacturing and test engineering support, statistical quality assurance and complete resource management. (PRESS RELEASE) “
A number of other equities analysts have also weighed in on the company. B. Riley reissued a buy rating and issued a $6.50 target price on shares of IEC Electronics in a research report on Saturday, September 3rd. TheStreet raised shares of IEC Electronics from a sell rating to a hold rating in a research report on Friday, August 26th.
Shares of IEC Electronics (NYSE:IEC) opened at 4.00 on Friday. The company has a market capitalization of $41.10 million and a price-to-earnings ratio of 8.57. The firm’s 50-day moving average is $4.75 and its 200 day moving average is $4.64. IEC Electronics has a 12 month low of $2.59 and a 12 month high of $5.64.
IEC Electronics (NYSE:IEC) last issued its earnings results on Wednesday, August 10th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The business earned $32.50 million during the quarter, compared to analysts’ expectations of $32.99 million. Equities analysts expect that IEC Electronics will post $0.58 EPS for the current year.
A hedge fund recently raised its stake in IEC Electronics stock. Walthausen & Co. LLC boosted its stake in shares of IEC Electronics (NYSE:IEC) by 60.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,000 shares of the company’s stock after buying an additional 30,000 shares during the period. Walthausen & Co. LLC owned 0.78% of IEC Electronics worth $332,000 as of its most recent SEC filing.
About IEC Electronics
IEC Electronics Corp. provides electronic contract manufacturing services (EMS) to companies in various industries that require advanced technology. The Company specializes in the custom manufacture of circuit board and system-level assemblies; a range of cable and wire harness assemblies capable of withstanding extreme environments, and precision metal components.
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