IEC Electronics (IEC) Sees Large Volume Increase
Shares of IEC Electronics (NYSE:IEC) saw strong trading volume on Monday . 92,108 shares traded hands during mid-day trading, an increase of 83% from the previous session’s volume of 50,214 shares.The stock last traded at $5.25 and had previously closed at $5.13.
A number of equities analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $6.00 target price on shares of IEC Electronics in a research note on Friday, August 5th. Zacks Investment Research downgraded shares of IEC Electronics from a “buy” rating to a “hold” rating in a research note on Friday.
The firm has a market capitalization of $54.14 million and a price-to-earnings ratio of 11.28. The firm has a 50 day moving average price of $4.80 and a 200-day moving average price of $4.42.
IEC Electronics (NYSE:IEC) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The company earned $32.50 million during the quarter, compared to the consensus estimate of $32.99 million. On average, analysts predict that IEC Electronics will post $0.56 EPS for the current year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.