IEC Electronics Corp (NYSEAMERICAN:IEC) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 36,100 shares, a decline of 32.5% from the April 30th total of 53,500 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 48,800 shares, the short-interest ratio is currently 0.7 days.

Shares of IEC traded down $0.03 during mid-day trading on Monday, hitting $6.32. 5,606 shares of the company traded hands, compared to its average volume of 72,804. IEC Electronics has a 1 year low of $4.77 and a 1 year high of $8.65.

IEC Electronics (NYSEAMERICAN:IEC) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.09). The firm had revenue of $37.29 million for the quarter, compared to analysts’ expectations of $37.00 million.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of IEC Electronics from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. TheStreet downgraded shares of IEC Electronics from a “b-” rating to a “c” rating in a research note on Wednesday, May 15th.

In other news, CFO Thomas L. Barbato bought 7,500 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of $6.36 per share, for a total transaction of $47,700.00. Following the completion of the purchase, the chief financial officer now owns 7,500 shares in the company, valued at approximately $47,700. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Keith M. Butler bought 8,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was purchased at an average price of $6.27 per share, for a total transaction of $50,160.00. Following the purchase, the director now owns 51,704 shares of the company’s stock, valued at approximately $324,184.08. The disclosure for this purchase can be found here. Insiders have purchased 19,500 shares of company stock worth $121,860 in the last three months.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of IEC Electronics by 4.2% during the third quarter. Vanguard Group Inc. now owns 292,526 shares of the technology company’s stock valued at $1,541,000 after purchasing an additional 11,900 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of IEC Electronics by 4.2% during the third quarter. Vanguard Group Inc now owns 292,526 shares of the technology company’s stock valued at $1,541,000 after purchasing an additional 11,900 shares during the last quarter. Walthausen & Co. LLC raised its holdings in shares of IEC Electronics by 4.9% during the fourth quarter. Walthausen & Co. LLC now owns 266,370 shares of the technology company’s stock valued at $1,524,000 after purchasing an additional 12,360 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of IEC Electronics during the first quarter valued at approximately $207,000. Finally, Globeflex Capital L P purchased a new position in shares of IEC Electronics during the first quarter valued at approximately $74,000.

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About IEC Electronics

IEC Electronics Corp., together with its subsidiaries, provides electronic manufacturing services in the United States. It specializes in delivering technical solutions for the custom manufacturing, product configuration, and verification testing of engineered complex products that require a level of manufacturing.

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