Shares of IEC Electronics Corp (NYSE:IEC) have been assigned an average broker rating score of 0.00 () from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus target price of $5.00 for the company and are anticipating that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also assigned IEC Electronics Corp an industry rank of 38 out of 265 based on the ratings given to related companies.
Several equities research analysts recently commented on IEC shares. B. Riley restated a “neutral” rating and issued a $4.00 price target on shares of IEC Electronics Corp in a research report on Monday, December 12th. Zacks Investment Research downgraded shares of IEC Electronics Corp from a “hold” rating to a “sell” rating in a research report on Monday, December 19th.
Large investors have recently modified their holdings of the stock. Thompson Davis & CO. Inc. increased its stake in shares of IEC Electronics Corp by 508.5% in the third quarter. Thompson Davis & CO. Inc. now owns 22,391 shares of the company’s stock valued at $107,000 after buying an additional 18,711 shares during the period. Spark Investment Management LLC increased its stake in shares of IEC Electronics Corp by 68.4% in the third quarter. Spark Investment Management LLC now owns 43,100 shares of the company’s stock valued at $205,000 after buying an additional 17,500 shares during the period. Acrospire Investment Management LLC purchased a new stake in shares of IEC Electronics Corp during the third quarter valued at approximately $151,000. Eagle Global Advisors LLC increased its stake in shares of IEC Electronics Corp by 333.0% in the third quarter. Eagle Global Advisors LLC now owns 48,450 shares of the company’s stock valued at $231,000 after buying an additional 37,260 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of IEC Electronics Corp by 12.4% in the fourth quarter. Renaissance Technologies LLC now owns 289,300 shares of the company’s stock valued at $1,033,000 after buying an additional 32,000 shares during the period.
Shares of IEC Electronics Corp (NYSE:IEC) opened at 3.85 on Friday. IEC Electronics Corp has a 12 month low of $3.21 and a 12 month high of $5.64. The company’s 50-day moving average is $3.67 and its 200-day moving average is $3.80. The stock has a market capitalization of $39.57 million and a PE ratio of 16.67.
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.
Get a free copy of the Zacks research report on IEC Electronics Corp (IEC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for IEC Electronics Corp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for IEC Electronics Corp and related companies with Analyst Ratings Network’s FREE daily email newsletter.
Zacks: Brokerages Set $5.00 Target Price for IEC Electronics Corp (IEC) by: Steve Melvin published: