IntriCon Co. (NASDAQ:IIN) – Equities researchers at Dougherty & Co reduced their FY2017 earnings per share (EPS) estimates for IntriCon in a note issued to investors on Tuesday, Zacks Investment Research reports. Dougherty & Co analyst R. Ryan now forecasts that the technology company will post earnings of $0.24 per share for the year, down from their previous estimate of $0.26. Dougherty & Co also issued estimates for IntriCon’s FY2018 earnings at $0.60 EPS.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research raised IntriCon from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, January 3rd. TheStreet raised IntriCon from a “c” rating to a “b-” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.00.
Shares of IntriCon (NASDAQ:IIN) traded up $0.75 on Wednesday, reaching $21.75. The company’s stock had a trading volume of 72,533 shares, compared to its average volume of 70,880. The firm has a market cap of $149.40, a P/E ratio of 103.57, a P/E/G ratio of 1.75 and a beta of 0.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.45 and a quick ratio of 0.54. IntriCon has a 12 month low of $6.05 and a 12 month high of $22.30.
Several hedge funds have recently bought and sold shares of the company. Pacific Alternative Asset Management Company LLC lifted its stake in 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. EAM Investors LLC purchased a new position in IntriCon in the 3rd quarter valued at about $588,000. Algert Global LLC purchased a new position in IntriCon in the 3rd quarter valued at about $396,000. Essex Investment Management Co. LLC purchased a new position in IntriCon in the 3rd quarter valued at about $267,000. Finally, Heartland Advisors Inc. lifted its stake in IntriCon by 0.6% in the 2nd quarter. Heartland Advisors Inc. now owns 809,499 shares of the technology company’s stock valued at $6,618,000 after buying an additional 4,622 shares in the last quarter. 33.89% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Michael Geraci sold 2,737 shares of the 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 sale, the vice president now directly owns 22,011 shares of the company’s stock, valued at approximately $387,393.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 21.40% of the company’s stock.
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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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