Shares of IntriCon Co. (NASDAQ:IIN) have received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $54.00.
IIN has been the topic of a number of research analyst reports. Zacks Investment Research raised IntriCon from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Wednesday, November 14th. Stifel Nicolaus lowered their price target on IntriCon from $70.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, January 4th. Dougherty & Co raised IntriCon from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Thursday, January 3rd. BidaskClub downgraded IntriCon from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Finally, ValuEngine downgraded IntriCon from a “buy” rating to a “hold” rating in a report on Monday.
In other news, VP Greg Gruenhagen sold 1,500 shares of the company’s stock in a transaction on Thursday, January 3rd. The stock was sold at an average price of $25.37, for a total transaction of $38,055.00. Following the transaction, the vice president now directly owns 2,455 shares of the company’s stock, valued at $62,283.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 4,500 shares of company stock worth $115,365. Corporate insiders own 21.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Northern Trust Corp boosted its stake in IntriCon by 257.6% during the 2nd quarter. Northern Trust Corp now owns 90,616 shares of the technology company’s stock worth $3,651,000 after acquiring an additional 65,276 shares during the last quarter. Russell Investments Group Ltd. bought a new position in IntriCon in the third quarter valued at approximately $348,000. Acadian Asset Management LLC lifted its stake in IntriCon by 3.1% in the third quarter. Acadian Asset Management LLC now owns 56,179 shares of the technology company’s stock valued at $3,157,000 after buying an additional 1,715 shares in the last quarter. US Bancorp DE lifted its stake in IntriCon by 220.4% in the third quarter. US Bancorp DE now owns 56,694 shares of the technology company’s stock valued at $3,186,000 after buying an additional 39,000 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in IntriCon in the third quarter valued at approximately $422,000. 64.61% of the stock is currently owned by institutional investors.
IntriCon stock traded down $0.95 during mid-day trading on Thursday, hitting $21.54. The company had a trading volume of 163,422 shares, compared to its average volume of 174,373. IntriCon has a 12 month low of $18.00 and a 12 month high of $76.80. The company has a market capitalization of $189.13 million, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of 2.90 and a beta of 1.23.
IntriCon (NASDAQ:IIN) last released its earnings results on Tuesday, February 19th. The technology company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.07). The company had revenue of $30.81 million during the quarter, compared to the consensus estimate of $30.30 million. IntriCon had a return on equity of 12.01% and a net margin of 4.76%. On average, equities analysts expect that IntriCon will post 0.66 EPS for the current fiscal year.
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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