IEH (OTCMKTS:IEHC) Releases Quarterly Earnings Results, Beats Expectations By $0.32 EPS

IEH (OTCMKTS:IEHC) issued its earnings results on Thursday. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.32, Zacks reports. IEH had a return on equity of 0.06% and a net margin of 0.04%. The company had revenue of $10.70 million for the quarter, compared to analyst estimates of $9.90 million.

IEH Stock Down 5.6%

IEHC traded down $1.75 during midday trading on Friday, reaching $29.50. 3,233 shares of the company were exchanged, compared to its average volume of 5,016. The company’s fifty day moving average price is $29.51 and its 200 day moving average price is $22.64. IEH has a one year low of $9.00 and a one year high of $33.88. The company has a market cap of $73.45 million, a price-to-earnings ratio of -2,950.00 and a beta of -0.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.09 and a current ratio of 9.17.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of IEH to a “hold” rating in a research note on Wednesday, September 16th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About IEH

IEH Corporation (OTCMKTS:IEHC) designs and manufactures high-reliability interconnect products and electronic packaging solutions. Its offerings include custom connectors, sockets, and related components used to establish electrical connections within demanding electronic systems. The company serves markets that require durable and precise interconnection technology, including aerospace, defense, medical, industrial, and other commercial applications. IEH’s products are intended for use in environments where performance, reliability, and resistance to demanding operating conditions are important.