IntriCon (NASDAQ:IIN) Raised to “Strong-Buy” at ValuEngine

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ValuEngine upgraded shares of IntriCon (NASDAQ:IIN) from a buy rating to a strong-buy rating in a research note issued to investors on Monday, ValuEngine reports.

IIN has been the topic of several other reports. B. Riley set a $36.00 price objective on IntriCon and gave the company a buy rating in a report on Wednesday, August 7th. Stifel Nicolaus set a $36.00 price objective on IntriCon and gave the company a buy rating in a report on Friday, July 19th. Finally, Zacks Investment Research raised IntriCon from a sell rating to a hold rating in a report on Saturday, August 3rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $38.75.

IntriCon stock opened at $17.96 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.23 and a current ratio of 3.13. IntriCon has a 52 week low of $16.81 and a 52 week high of $76.80. The business’s 50-day moving average is $19.86. The firm has a market capitalization of $156.07 million, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 6.75 and a beta of 0.68.

IntriCon (NASDAQ:IIN) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.57) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.59). IntriCon had a negative net margin of 1.23% and a positive return on equity of 4.18%. The business had revenue of $29.34 million during the quarter, compared to analyst estimates of $29.32 million. On average, sell-side analysts anticipate that IntriCon will post 0.22 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of IIN. BlackRock Inc. grew its holdings in IntriCon by 3.4% in the fourth quarter. BlackRock Inc. now owns 509,049 shares of the technology company’s stock valued at $13,428,000 after purchasing an additional 16,512 shares during the period. Bank of New York Mellon Corp lifted its position in shares of IntriCon by 21.5% in the fourth quarter. Bank of New York Mellon Corp now owns 26,139 shares of the technology company’s stock valued at $690,000 after acquiring an additional 4,627 shares in the last quarter. Northern Trust Corp lifted its position in shares of IntriCon by 1.3% in the fourth quarter. Northern Trust Corp now owns 107,608 shares of the technology company’s stock valued at $2,839,000 after acquiring an additional 1,375 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of IntriCon by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 343,667 shares of the technology company’s stock valued at $9,066,000 after acquiring an additional 34,031 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of IntriCon by 250.9% in the fourth quarter. Bank of America Corp DE now owns 10,478 shares of the technology company’s stock valued at $277,000 after acquiring an additional 7,492 shares in the last quarter. 75.66% of the stock is currently owned by institutional investors.

About IntriCon

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 biotelemetry devices, hearing healthcare, and professional audio communication devices markets.

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