IEC Electronics (NYSEAMERICAN:IEC) Lifted to Hold at Zacks Investment Research
According to Zacks, “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) “
Separately, TheStreet cut YRC Worldwide from a c rating to a d+ rating in a research report on Wednesday, May 15th.
IEC Electronics (NYSEAMERICAN:IEC) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.09). The business had revenue of $37.29 million during the quarter, compared to analyst estimates of $37.00 million.
In other news, Director Keith M. Butler bought 8,000 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were acquired at an average cost of $6.27 per share, with a total value of $50,160.00. Following the completion of the transaction, the director now owns 51,704 shares of the company’s stock, valued at approximately $324,184.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Thomas L. Barbato bought 7,500 shares of the company’s stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of $6.36 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the chief financial officer now directly owns 7,500 shares of the company’s stock, valued at approximately $47,700. The disclosure for this purchase can be found here. Insiders acquired 19,500 shares of company stock worth $121,860 over the last three months.
A number of large investors have recently made changes to their positions in the business. Globeflex Capital L P purchased a new position in IEC Electronics in the first quarter worth about $74,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of IEC Electronics in the first quarter worth about $207,000. Walthausen & Co. LLC raised its stake in shares of IEC Electronics by 4.9% in the fourth quarter. Walthausen & Co. LLC now owns 266,370 shares of the technology company’s stock worth $1,524,000 after buying an additional 12,360 shares during the period. Finally, Worth Venture Partners LLC bought a new position in shares of IEC Electronics in the fourth quarter worth about $48,000.
IEC Electronics Company Profile
IEC Electronics Corp., together with its subsidiaries, provides electronic manufacturing services in the United States. It specializes in delivering technical solutions for the custom manufacturing, product configuration, and verification testing of engineered complex products that require a level of manufacturing.
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