IEC Electronics Corp (IEC) CFO Thomas L. Barbato Purchases 7,500 Shares

IEC Electronics Corp (NYSEAMERICAN:IEC) CFO Thomas L. Barbato bought 7,500 shares of the stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of $6.36 per share, with a total value of $47,700.00. Following the completion of the purchase, the chief financial officer now directly owns 7,500 shares of the company’s stock, valued at approximately $47,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of IEC opened at $6.16 on Tuesday. IEC Electronics Corp has a 12-month low of $4.77 and a 12-month high of $8.65.

IEC Electronics (NYSEAMERICAN:IEC) last issued its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ 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.



A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of IEC Electronics from a “hold” rating to a “sell” rating in a research note on Saturday, February 9th. TheStreet raised shares of IEC Electronics from a “c” rating to a “b-” rating in a research note on Wednesday, February 13th. Finally, Maxim Group reissued a “buy” rating and set a $10.00 target price on shares of IEC Electronics in a research note on Thursday, February 7th.

Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in shares of IEC Electronics by 36.8% in the third quarter. Renaissance Technologies LLC now owns 428,594 shares of the technology company’s stock valued at $2,259,000 after acquiring an additional 115,240 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of IEC Electronics by 4.2% in the third quarter. Vanguard Group Inc. now owns 292,526 shares of the technology company’s stock valued at $1,541,000 after acquiring an additional 11,900 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of IEC Electronics by 4.2% in the third quarter. Vanguard Group Inc now owns 292,526 shares of the technology company’s stock valued at $1,541,000 after acquiring an additional 11,900 shares in the last quarter. Walthausen & Co. LLC raised its holdings in shares of IEC Electronics by 4.9% in the fourth quarter. Walthausen & Co. LLC now owns 266,370 shares of the technology company’s stock valued at $1,524,000 after acquiring an additional 12,360 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of IEC Electronics by 50.5% in the first quarter. Dimensional Fund Advisors LP now owns 227,525 shares of the technology company’s stock valued at $1,559,000 after acquiring an additional 76,299 shares in the last quarter.

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IEC Electronics Company Profile

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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