Press coverage about IEC Electronics Corp (NYSE:IEC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. IEC Electronics Corp earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.1216918922186 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
IEC has been the topic of several research analyst reports. Noble Financial reaffirmed a “buy” rating on shares of IEC Electronics Corp in a research report on Saturday, May 13th. Maxim Group initiated coverage on IEC Electronics Corp in a research report on Thursday, August 17th. They issued a “buy” rating and a $7.00 price objective on the stock. Zacks Investment Research raised IEC Electronics Corp from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Tuesday, July 18th. Finally, TheStreet downgraded IEC Electronics Corp from a “c” rating to a “d+” rating in a research report on Monday, June 12th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. IEC Electronics Corp presently has an average rating of “Buy” and a consensus price target of $4.82.
Shares of IEC Electronics Corp (IEC) traded down 1.41% during trading on Friday, reaching $4.20. The company’s stock had a trading volume of 7,630 shares. The company’s market capitalization is $43.34 million. IEC Electronics Corp has a 1-year low of $3.21 and a 1-year high of $5.15. The stock has a 50 day moving average of $4.02 and a 200-day moving average of $3.77.
IEC Electronics Corp (NYSE:IEC) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. IEC Electronics Corp had a negative return on equity of 19.12% and a negative net margin of 2.88%. The business had revenue of $26.49 million for the quarter, compared to analysts’ expectations of $26 million. On average, analysts expect that IEC Electronics Corp will post $0.06 earnings per share for the current year.
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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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