A Director at IEC Electronics (NYSE: IEC) is Selling Shares

By Carrie Williams

Today, a Director at IEC Electronics (IECResearch Report), Keith M. Butler, sold shares of IEC for $25.26K.

This is Butler’s first Sell trade following 4 Buy transactions. Following Keith M. Butler’s last IEC Sell transaction on August 17, 2018, the stock climbed by 2.8%.

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Based on IEC Electronics’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $35.44 million and quarterly net profit of $1.06 million. In comparison, last year the company earned revenue of $21.16 million and had a GAAP net loss of $494K. IEC’s market cap is $84.94M and the company has a P/E ratio of 7.26. Currently, IEC Electronics has an average volume of 155.3K.

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IEC Electronics Corp. provides electronic manufacturing services to technology companies that produce products for the medical, industrial, aerospace and defense sectors. It delivers technical solutions for the custom manufacturing, product configuration, and verification testing of engineered products.