IEC Electronics (NYSEAMERICAN:IEC) Earns “Buy” Rating from Noble Financial

Noble Financial restated their buy rating on shares of IEC Electronics (NYSEAMERICAN:IEC) in a research report released on Monday, AnalystRatings.com reports. Noble Financial currently has a $9.50 price target on the technology company’s stock.

Other equities analysts have also recently issued reports about the stock. Maxim Group set a $10.00 target price on shares of IEC Electronics and gave the company a buy rating in a report on Wednesday, August 7th. TheStreet lowered shares of IEC Electronics from a b- rating to a c rating in a research report on Wednesday, May 15th. Finally, Zacks Investment Research upgraded shares of IEC Electronics from a sell rating to a hold rating in a research report on Wednesday, July 10th.

Shares of IEC Electronics stock opened at $6.35 on Monday. IEC Electronics has a 12 month low of $5.00 and a 12 month high of $8.65.



IEC Electronics (NYSEAMERICAN:IEC) last announced its earnings results on Wednesday, August 7th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The firm had revenue of $40.32 million for the quarter.

In related news, Director Keith M. Butler bought 8,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were bought at an average cost of $6.27 per share, for a total transaction of $50,160.00. Following the transaction, the director now owns 51,704 shares of the company’s stock, valued at $324,184.08. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 11,541 shares of company stock worth $71,406 over the last 90 days.

Several large investors have recently added to or reduced their stakes in IEC. Globeflex Capital L P acquired a new position in IEC Electronics in the 1st quarter valued at about $74,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in IEC Electronics in the 1st quarter worth approximately $207,000. Municipal Employees Retirement System of Michigan purchased a new position in IEC Electronics in the 2nd quarter worth approximately $397,000. BlackRock Inc. boosted its holdings in IEC Electronics by 13.5% in the 2nd quarter. BlackRock Inc. now owns 69,658 shares of the technology company’s stock worth $438,000 after acquiring an additional 8,305 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in IEC Electronics by 20.7% in the 2nd quarter. Vanguard Group Inc. now owns 335,325 shares of the technology company’s stock worth $2,106,000 after acquiring an additional 57,600 shares during the period.

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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