IEC Electronics (IEC) Sees Unusually-High Trading Volume
IEC Electronics (NYSE:IEC) saw strong trading volume on Monday . 92,108 shares changed 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.
Several analysts recently weighed in on the company. B. Riley restated a “buy” rating and issued a $6.50 price target on shares of IEC Electronics in a research note on Monday. Zacks Investment Research upgraded IEC Electronics from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research note on Tuesday, August 9th.
The company’s 50 day moving average is $4.83 and its 200 day moving average is $4.43. The firm has a market cap of $53.73 million and a price-to-earnings ratio of 11.1989.
IEC Electronics (NYSE:IEC) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The company had revenue of $32.50 million for the quarter, compared to the consensus estimate of $32.99 million. Analysts anticipate that IEC Electronics will post $0.58 earnings per share 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.