IES (IESC) Lowered to “Sell” at ValuEngine

ValuEngine lowered shares of IES (NASDAQ:IESC) from a hold rating to a sell rating in a research note published on Wednesday morning.

Separately, BidaskClub lowered IES from a buy rating to a hold rating in a report on Friday, October 19th.

Shares of IESC opened at $17.09 on Wednesday. IES has a 12 month low of $14.90 and a 12 month high of $20.25. The company has a quick ratio of 1.50, a current ratio of 1.63 and a debt-to-equity ratio of 0.14. The firm has a market cap of $351.38 million, a PE ratio of 16.91 and a beta of 0.33.

Institutional investors and hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of IES by 134.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,049 shares of the technology company’s stock valued at $176,000 after purchasing an additional 5,188 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of IES in the 2nd quarter valued at $169,000. Edge Wealth Management LLC increased its position in shares of IES by 8,333.3% in the 3rd quarter. Edge Wealth Management LLC now owns 10,120 shares of the technology company’s stock valued at $197,000 after acquiring an additional 10,000 shares during the period. Strs Ohio increased its position in shares of IES by 609.5% in the 2nd quarter. Strs Ohio now owns 14,900 shares of the technology company’s stock valued at $249,000 after acquiring an additional 12,800 shares during the period. Finally, Eaton Vance Management acquired a new position in shares of IES in the 3rd quarter valued at $975,000. Hedge funds and other institutional investors own 78.30% of the company’s stock.

About IES

IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. The company's Commercial & Industrial segment provides electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.

Further Reading: Debt-To-Equity Ratio

To view ValuEngine’s full report, visit ValuEngine’s official website.

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