IntriCon (NASDAQ:IIN) released its earnings results on Monday. The technology company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02, Morningstar.com reports. IntriCon had a return on equity of 19.76% and a net margin of 4.32%. The company had revenue of $30.13 million during the quarter, compared to analyst estimates of $30.23 million. IntriCon updated its FY 2018 guidance to EPS and its Q4 2018 guidance to EPS.
IIN traded down $4.24 during midday trading on Tuesday, reaching $40.06. 1,001,447 shares of the company’s stock traded hands, compared to its average volume of 247,793. The firm has a market capitalization of $376.46 million, a price-to-earnings ratio of 138.14, a PEG ratio of 5.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.85. IntriCon has a 52 week low of $11.85 and a 52 week high of $76.80.
IIN has been the subject of a number of recent research reports. Dougherty & Co lowered IntriCon from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research note on Tuesday, September 11th. Zacks Investment Research lowered IntriCon from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Stifel Nicolaus boosted their target price on IntriCon from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, September 21st. B. Riley boosted their target price on IntriCon from $62.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Finally, TheStreet lowered IntriCon from a “b” rating to a “c+” rating in a research report on Monday, October 1st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $51.25.
In other IntriCon news, Director Philip Irving Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $74.18, for a total transaction of $741,800.00. Following the completion of the transaction, the director now owns 6,667 shares of the company’s stock, valued at approximately $494,558.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 21.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IIN. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of IntriCon during the 3rd quarter worth approximately $270,000. Cadence Capital Management LLC purchased a new position in shares of IntriCon during the 3rd quarter worth approximately $2,492,000. Wells Fargo & Company MN grew its holdings in shares of IntriCon by 93.8% during the 3rd quarter. Wells Fargo & Company MN now owns 21,027 shares of the technology company’s stock worth $1,182,000 after acquiring an additional 10,177 shares during the period. Chicago Equity Partners LLC purchased a new position in shares of IntriCon during the 3rd quarter worth approximately $1,124,000. Finally, Engineers Gate Manager LP purchased a new position in shares of IntriCon during the 3rd quarter worth approximately $422,000. 39.42% of the stock is owned by institutional investors and hedge funds.
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IntriCon Company Profile
IntriCon Corporation, together with its subsidiaries, designs, develops, engineers, manufactures, and distributes body-worn devices in the United States, Europe, Asia, and internationally. The company operates in two segments, Body Worn Devices and Hearing Health Direct-To-Consumer. It offers micro-miniature products, microelectronics; micro-mechanical assemblies; high-precision injection-molded plastic components; and assemblies and software solutions for medical bio-telemetry devices, hearing healthcare, and professional audio communication devices markets.
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