IEC Electronics Corp (NYSE:IEC)‘s stock had its “buy” rating restated by Noble Financial in a research report issued to clients and investors on Thursday.
IEC has been the topic of several other reports. Zacks Investment Research downgraded IEC Electronics Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. TheStreet downgraded IEC Electronics Corp from a “c” rating to a “d+” rating in a research report on Monday, June 12th.
Shares of IEC Electronics Corp (NYSE:IEC) opened at 4.26 on Thursday. IEC Electronics Corp has a 12 month low of $3.21 and a 12 month high of $5.38. The firm has a 50-day moving average of $3.84 and a 200 day moving average of $3.73. The firm’s market cap is $43.96 million.
IEC Electronics Corp (NYSE:IEC) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The company had revenue of $26.49 million for the quarter, compared to the consensus estimate of $26 million. IEC Electronics Corp had a negative return on equity of 19.12% and a negative net margin of 2.88%.
A hedge fund recently raised its stake in IEC Electronics Corp stock. Renaissance Technologies LLC boosted its position in shares of IEC Electronics Corp (NYSE:IEC) by 12.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 289,300 shares of the technology company’s stock after buying an additional 32,000 shares during the period. Renaissance Technologies LLC owned about 2.82% of IEC Electronics Corp worth $1,033,000 as of its most recent SEC filing.
About IEC Electronics Corp
IEC Electronics Corp. provides electronic manufacturing services (EMS) to a range of technology companies that produce life-saving and mission critical products for the medical, industrial, aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with an array of manufacturing services encompassing electronics, interconnect solutions and precision metalworking.
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