ValuEngine upgraded shares of IEC Electronics Corp (NYSE:IEC) from a sell rating to a hold rating in a research report report published on Wednesday.

A number of other equities analysts have also issued reports on the stock. Maxim Group assumed coverage on shares of IEC Electronics Corp in a research report on Thursday, August 17th. They set a buy rating and a $7.00 price target for the company. Noble Financial reissued a buy rating on shares of IEC Electronics Corp in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of IEC Electronics Corp from a buy rating to a hold rating in a research report on Tuesday, July 25th. Finally, TheStreet lowered shares of IEC Electronics Corp from a c rating to a d+ rating in a research report on Monday, June 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. IEC Electronics Corp has an average rating of Hold and an average price target of $4.82.

IEC Electronics Corp (NYSE:IEC) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.07. IEC Electronics Corp had a net margin of 3.04% and a return on equity of 24.24%. The company had revenue of $26.49 million during the quarter, compared to analyst estimates of $26.00 million.

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An institutional investor recently raised its position in IEC Electronics Corp stock. Walthausen & Co. LLC grew its position in shares of IEC Electronics Corp (NYSE:IEC) by 98.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,870 shares of the technology company’s stock after purchasing an additional 78,870 shares during the quarter. Walthausen & Co. LLC owned approximately 1.54% of IEC Electronics Corp worth $572,000 as of its most recent SEC filing.

About IEC Electronics Corp

IEC Electronics Corp. provides electronic manufacturing services (EMS) to a range of technology companies that produce life-saving and mission critical products for the medical, industrial, aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with an array of manufacturing services encompassing electronics, interconnect solutions and precision metalworking.

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