IntriCon Corp. (NASDAQ:IIN) has been assigned an average broker rating score of 2.00 (Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Brokerages have set a 1-year consensus price target of $10.00 for the company and are anticipating that the company will post ($0.16) earnings per share for the current quarter, according to Zacks. Zacks has also given IntriCon Corp. an industry rank of 83 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of IntriCon Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th.
Several institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in IntriCon Corp. by 0.9% in the first quarter. Renaissance Technologies LLC now owns 171,500 shares of the company’s stock worth $1,092,000 after buying an additional 1,500 shares in the last quarter. Heartland Advisors Inc. acquired a new position in IntriCon Corp. during the second quarter worth about $2,136,000. AWM Investment Company Inc. acquired a new position in IntriCon Corp. during the second quarter worth about $294,000. Coe Capital Management LLC acquired a new position in IntriCon Corp. during the second quarter worth about $240,000. Finally, Bard Associates Inc. acquired a new position in IntriCon Corp. during the second quarter worth about $211,000. Hedge funds and other institutional investors own 23.33% of the company’s stock.
Shares of IntriCon Corp. (NASDAQ:IIN) opened at 5.785 on Wednesday. The stock’s 50 day moving average is $4.86 and its 200-day moving average is $5.37. IntriCon Corp. has a 12 month low of $4.12 and a 12 month high of $8.65. The company’s market cap is $39.31 million.
IntriCon Corp. (NASDAQ:IIN) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.14. IntriCon Corp. had a negative net margin of 0.05% and a positive return on equity of 2.36%. The business had revenue of $17 million for the quarter, compared to the consensus estimate of $16.71 million. On average, equities analysts forecast that IntriCon Corp. will post ($0.10) EPS for the current year.
About IntriCon Corp.
IntriCon Corporation is engaged in designing, developing, engineering, manufacturing and distributing body-worn devices. The Company operates through body-worn device segment. The Company serves the body-worn device market by designing, developing, engineering and manufacturing micro-miniature products, microelectronics, micro-mechanical assemblies, complete assemblies and software solutions, primarily for the value hearing health market, the medical bio-telemetry market and the professional audio communication market.
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