Today, a Director at IEC Electronics (NYSE: IEC), Keith M. Butler, bought shares of IEC for $40.35K.
Following this transaction Keith M. Butler’s holding in the company was increased by 20.99% to a total of $231.3K. Following Keith M. Butler’s last IEC Buy transaction on May 15, 2017, the stock climbed by 1.6%.
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Based on IEC Electronics’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $29.78 million and quarterly net profit of $202K. In comparison, last year the company earned revenue of $26.49 million and had a net profit of $796K. IEC’s market cap is $54.83M and the company has a P/E ratio of 28.16. Currently, IEC Electronics has an average volume of 151.2K.
Starting in February 2017, IEC received 16 Buy ratings in a row. Three different firms, including B.Riley FBR and Maxim Group, currently also have a Buy rating on the stock.
The insider sentiment on IEC Electronics has been positive according to 13 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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IEC Electronics Corp. provides electronic manufacturing services to advanced technology companies primarily in the military and aerospace, medical, industrial and computing sectors. The firm specializes in the custom manufacture of high reliability, complex circuit cards, system level assemblies, a wide array of custom cable and wire harness assemblies, precision sheet metal products, and advanced research and testing services. Its newest business unit, Dynamic Research and Testing Laboratory, which specializes in the testing and detection of counterfeit electronic parts, as well as component risk mitigation and advanced failure analysis for counterfeit electronics parts. The manufacturing services include printed circuit board and complex system level assembly, cable and wire harness assembly through IEC Electronics Wire & Cable, Inc. and Southern California Braiding Co., Inc., and precision sheet metal fabrication though Celmet Co., Inc. The company was founded by Roger E. Main in 1966 and is headquartered in Newark, NY.
