Today, a Director at IEC Electronics (NYSE: IEC), Lynn Hartrick, bought shares of IEC for $5,470.
Following this transaction Lynn Hartrick’s holding in the company was increased by 3.56% to a total of $159.6K. Following Lynn Hartrick’s last IEC Buy transaction on March 14, 2018, the stock climbed by 1.3%.
See today’s analyst top recommended stocks >>
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 $56.26M and the company has a P/E ratio of 28.89. Currently, IEC Electronics has an average volume of 154.8K.
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 11 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Lynn Hartrick’s trades have generated a 36.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
