IEC Electronics (IEC) Sees Large Volume Increase
Shares of IEC Electronics (NYSE:IEC) saw an uptick in trading volume on Wednesday . 111,686 shares traded hands during trading, an increase of 122% from the previous session’s volume of 50,324 shares.The stock last traded at $5.10 and had previously closed at $5.15.
A number of research firms have commented on IEC. B. Riley restated a “buy” rating and set a $6.50 price objective on shares of IEC Electronics in a research note on Monday, August 15th. Zacks Investment Research raised IEC Electronics from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a report on Tuesday, August 9th.
The firm’s 50 day moving average price is $4.95 and its 200 day moving average price is $4.50. The firm has a market cap of $52.40 million and a PE ratio of 10.92.
IEC Electronics (NYSE:IEC) last issued its earnings results on Wednesday, August 10th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $32.50 million for the quarter, compared to the consensus estimate of $32.99 million. On average, analysts expect 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.
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