IES (IESC) Upgraded at BidaskClub
BidaskClub upgraded shares of IES (NASDAQ:IESC) from a hold rating to a buy rating in a research note published on Thursday.
Shares of IES (IESC) traded up $0.05 during midday trading on Thursday, hitting $17.50. 111,101 shares of the stock traded hands, compared to its average volume of 47,025. The company has a market capitalization of $373.40, a P/E ratio of 22.44 and a beta of 0.68. IES has a 52-week low of $14.05 and a 52-week high of $21.95. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.12.
Hedge funds and other institutional investors have recently modified their holdings of the company. Bridge City Capital LLC bought a new position in shares of IES in the second quarter worth approximately $1,105,000. Bank of New York Mellon Corp lifted its stake in shares of IES by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 55,590 shares of the technology company’s stock worth $1,009,000 after buying an additional 6,793 shares in the last quarter. IndexIQ Advisors LLC lifted its stake in shares of IES by 83.0% in the third quarter. IndexIQ Advisors LLC now owns 47,884 shares of the technology company’s stock worth $828,000 after buying an additional 21,719 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of IES by 2.3% in the second quarter. Vanguard Group Inc. now owns 342,436 shares of the technology company’s stock worth $6,215,000 after buying an additional 7,703 shares in the last quarter. Finally, Malaga Cove Capital LLC lifted its stake in shares of IES by 82.2% in the third quarter. Malaga Cove Capital LLC now owns 38,042 shares of the technology company’s stock worth $679,000 after buying an additional 17,167 shares in the last quarter. Hedge funds and other institutional investors own 77.62% of the company’s stock.
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IES Holdings, Inc, formerly Integrated Electrical Services, Inc, is a holding company that owns and manages diverse operating subsidiaries across a range of infrastructure-related end markets. The Company operates through four segments: Communications, Residential, Commercial & Industrial, and Infrastructure Solutions.
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