The stock of IEC Electronics Corp (NYSEMKT:IEC) is a huge mover today! About 173,335 shares traded hands or 468.52% up from the average. IEC Electronics Corp (NYSEMKT:IEC) has risen 16.70% since March 9, 2016 and is uptrending. It has outperformed by 9.29% the S&P500.
The move comes after 5 months negative chart setup for the $43.24 million company. It was reported on Oct, 12 by Barchart.com. We have $3.63 PT which if reached, will make NYSEMKT:IEC worth $5.19 million less.
Analysts await IEC Electronics Corp (NYSEMKT:IEC) to report earnings on December, 16. They expect $0.12 earnings per share, up 50.00% or $0.04 from last year’s $0.08 per share. IEC’s profit will be $1.26M for 8.60 P/E if the $0.12 EPS becomes a reality. After $0.16 actual earnings per share reported by IEC Electronics Corp for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.
According to Zacks Investment Research, “IEC Electronics Corp. is a full service, ISO 9001 and 9002 certified, contract manufacturer employing state-of-the-art production utilizing both surface mount and pin-through-hole technology. IEC offers its customers a wide range of manufacturing and management services, on either a turnkey or consignment basis, including design prototyping, material procurement and control, concurrent engineering services, manufacturing and test engineering support, statistical quality assurance and complete resource management. (PRESS RELEASE)”
Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 2.47, from 3.67 in 2016Q1. The ratio turned negative, as 1 funds sold all IEC Electronics Corp shares owned while 9 reduced positions. 5 funds bought stakes while 7 increased positions. They now own 2.11 million shares or 47.87% less from 4.05 million shares in 2016Q1.
Eagle Advisors Limited Com accumulated 0% or 11,190 shares. Acadian Asset Ltd Liability Corporation has 0% invested in the company for 2,971 shares. Globeflex Cap Ltd Partnership reported 145 shares or 0% of all its holdings. Tower Research Capital Ltd Liability Co (Trc) has 0% invested in the company for 414 shares. The Minnesota-based Walleye Trading Lc has invested 0% in IEC Electronics Corp (NYSEMKT:IEC). Rothschild Invest Corp Il owns 10,853 shares or 0.01% of their US portfolio. Tocqueville Asset Mngmt Limited Partnership has invested 0.05% of its portfolio in IEC Electronics Corp (NYSEMKT:IEC). The New York-based Renaissance Technologies Ltd has invested 0% in IEC Electronics Corp (NYSEMKT:IEC). Northern holds 0% of its portfolio in IEC Electronics Corp (NYSEMKT:IEC) for 21,040 shares. California Pub Employees Retirement Systems owns 40,200 shares or 0% of their US portfolio. Creative Planning accumulated 0% or 200 shares. Blackrock Investment Mgmt Ltd Llc has 1,534 shares for 0% of their US portfolio. The Texas-based Bridgeway Cap Mgmt Inc has invested 0.01% in IEC Electronics Corp (NYSEMKT:IEC). Moreover, Lpl Fin Limited Liability Co has 0% invested in IEC Electronics Corp (NYSEMKT:IEC) for 26,895 shares. Moreover, Geode Management Ltd Limited Liability Company has 0% invested in IEC Electronics Corp (NYSEMKT:IEC) for 18,187 shares.
More notable recent IEC Electronics Corp (NYSEMKT:IEC) news were published by: Democratandchronicle.com which released: “IEC sells plant, slashes jobs in Wayne County” on October 11, 2016, also Democratandchronicle.com with their article: “IEC Electronics moves past turbulent times” published on September 09, 2016, Benzinga.com published: “12 Biggest Mid-Day Losers For Wednesday” on October 12, 2016. More interesting news about IEC Electronics Corp (NYSEMKT:IEC) were released by: Quotes.Wsj.com and their article: “News IEC Electronics Corp.IEC” published on November 09, 2010 as well as Democratandchronicle.com‘s news article titled: “IEC Electronics board voted out” with publication date: February 02, 2015.
IEC Company Profile
IEC Electronics Corp., incorporated on April 21, 1988, provides electronic contract manufacturing services (EMS) to companies in various industries that require advanced technology. The Firm specializes in the custom manufacture of circuit board and system-level assemblies; a range of cable and wire harness assemblies capable of withstanding extreme environments, and precision metal components. The Firm utilizes automated circuit board assembly equipment together with manufacturing stress testing methods. The Firm makes a range of assemblies that are incorporated into various products, such as aerospace and defense systems, medical devices, industrial equipment and transportation products. The Company’s products are distributed to and through original equipment manufacturers (OEMs). The Firm supports multiple divisions and product lines for its customers. The Firm offers manufacturing services, engineering services and lab services. The Firm designs, makes and tests electronic devices and systems for medical applications.
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