IntriCon (IIN) Lowered to Buy at ValuEngine

ValuEngine lowered shares of IntriCon (NASDAQ:IIN) from a strong-buy rating to a buy rating in a research report released on Friday.

IIN has been the topic of a number of other research reports. TheStreet cut shares of IntriCon from a b rating to a c+ rating in a research note on Monday, October 1st. BidaskClub cut shares of IntriCon from a strong-buy rating to a buy rating in a research note on Tuesday, November 13th. Zacks Investment Research raised shares of IntriCon from a hold rating to a buy rating and set a $50.00 target price on the stock in a research note on Wednesday, October 24th. Stifel Nicolaus upped their target price on shares of IntriCon from $65.00 to $70.00 and gave the company a buy rating in a research note on Friday, September 21st. Finally, Dougherty & Co cut shares of IntriCon from a buy rating to a neutral rating and set a $12.00 target price on the stock. in a research note on Tuesday, September 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $48.50.

Shares of IIN traded down $2.07 during trading hours on Friday, reaching $31.09. 148,501 shares of the company traded hands, compared to its average volume of 186,370. The firm has a market capitalization of $286.53 million, a P/E ratio of 107.21, a P/E/G ratio of 3.84 and a beta of 0.95. IntriCon has a 1-year low of $16.70 and a 1-year high of $76.80.

IntriCon (NASDAQ:IIN) last announced its quarterly earnings data on Monday, November 5th. The technology company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. The business had revenue of $30.13 million during the quarter, compared to analyst estimates of $30.23 million. IntriCon had a net margin of 4.82% and a return on equity of 13.06%. Equities research analysts predict that IntriCon will post 0.72 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. First Mercantile Trust Co. bought a new stake in IntriCon during the third quarter worth about $159,000. GSA Capital Partners LLP acquired a new stake in shares of IntriCon during the 2nd quarter worth about $226,000. Rhumbline Advisers acquired a new stake in shares of IntriCon during the 2nd quarter worth about $232,000. CAPROCK Group Inc. acquired a new stake in shares of IntriCon during the 3rd quarter worth about $251,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of IntriCon during the 3rd quarter worth about $270,000. 59.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Story: What are the Benefits of Index Funds?

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

Receive News & Ratings for IntriCon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IntriCon and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit