IES (NASDAQ:IESC) Sets New 52-Week Low – Time to Sell?

IES Holdings, Inc. (NASDAQ:IESC) shares reached a new 52-week low on Thursday. The stock traded as low as $164.00 and last traded at $159.5930, with a volume of 9,995 shares traded. The stock had previously closed at $169.07.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IESC shares. Weiss Ratings lowered shares of IES from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 23rd. Freedom Broker raised shares of IES from a “hold” rating to a “buy” rating and set a $440.00 target price on the stock in a research note on Friday, September 11th. Finally, Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 20th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $334.50.

IES Stock Down 10.4%

The firm has a market cap of $6.03 billion, a PE ratio of 13.69 and a beta of 1.86. The firm has a 50 day moving average of $289.18 and a 200 day moving average of $293.98.

Institutional Trading of IES

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Toth Financial Advisory Corp raised its stake in IES by 73.9% in the 2nd quarter. Toth Financial Advisory Corp now owns 40 shares of the technology company’s stock valued at $29,000 after purchasing an additional 17 shares during the last quarter. Optiver Holding B.V. increased its stake in shares of IES by 62.5% during the 1st quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock valued at $25,000 after acquiring an additional 20 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of IES by 121.4% during the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after buying an additional 34 shares during the period. Allworth Financial LP bought a new position in shares of IES in the second quarter worth $25,000. Finally, Petra Financial Advisors Inc. lifted its position in IES by 2.3% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,843 shares of the technology company’s stock worth $878,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

About IES

IES Holdings, Inc (NASDAQ: IESC) is a diversified industrial services company that designs, installs and maintains electrical and mechanical systems and related infrastructure. Through its operating businesses, the company serves customers in the data center, communications, residential, commercial, industrial and infrastructure markets.

Its services include electrical contracting, power distribution and control systems, communications infrastructure, structured cabling, automation and controls, and the installation of mechanical and other building systems.