IntriCon Corporation (NASDAQ:IIN) has earned a consensus broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
Brokers have set a 12-month consensus price objective of $16.00 for the company and are predicting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given IntriCon an industry rank of 81 out of 265 based on the ratings given to its competitors.
Several research firms recently commented on IIN. Zacks Investment Research raised shares of IntriCon from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Friday, August 18th. Longbow Research reaffirmed a “neutral” rating on shares of IntriCon in a research note on Friday, August 25th. Finally, TheStreet raised shares of IntriCon from a “c” rating to a “b-” rating in a research note on Wednesday, November 8th.
In other IntriCon news, VP Michael Geraci sold 2,737 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $17.60, for a total transaction of $48,171.20. Following the transaction, the vice president now owns 22,011 shares of the company’s stock, valued at approximately $387,393.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Algert Global LLC purchased a new position in IntriCon during the 3rd quarter valued at about $396,000. EAM Investors LLC bought a new stake in shares of IntriCon in the 3rd quarter valued at about $588,000. Essex Investment Management Co. LLC bought a new stake in shares of IntriCon in the 3rd quarter valued at about $267,000. Pacific Alternative Asset Management Company LLC boosted its holdings in shares of IntriCon by 73.4% in the 2nd quarter. Pacific Alternative Asset Management Company LLC now owns 292,853 shares of the technology company’s stock valued at $2,394,000 after buying an additional 123,942 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of IntriCon by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,813 shares of the technology company’s stock valued at $174,000 after buying an additional 1,200 shares in the last quarter. 33.89% of the stock is currently owned by institutional investors and hedge funds.
IntriCon (NASDAQ IIN) traded up $0.45 during mid-day trading on Friday, reaching $17.25. 24,700 shares of the company traded hands, compared to its average volume of 26,135. The stock has a market cap of $115.40, a P/E ratio of 186.67, a PEG ratio of 3.23 and a beta of 0.34. IntriCon has a 52 week low of $6.05 and a 52 week high of $17.80. The company has a quick ratio of 0.54, a current ratio of 1.45 and a debt-to-equity ratio of 0.34.
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IntriCon Company Profile
IntriCon Corporation is engaged in designing, developing, engineering, manufacturing and distributing body-worn devices. The Company operates through body-worn device segment. The Company serves the body-worn device market by designing, developing, engineering and manufacturing micro-miniature products, microelectronics, micro-mechanical assemblies, complete assemblies and software solutions, primarily for the value hearing health market, the medical bio-telemetry market and the professional audio communication market.
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