IEC Electronics (IEC) Receives a Buy from Noble Financial

By Jason Carr

Noble Financial analyst Christian Herbosa maintained a Buy rating on IEC Electronics (IECResearch Report) on August 8 and set a price target of $9.50. The company’s shares closed on Friday at $6.45.

Herbosa has an average return of 3.0% when recommending IEC Electronics.

According to TipRanks.com, Herbosa is ranked #3193 out of 5239 analysts.

IEC Electronics has an analyst consensus of Moderate Buy, with a price target consensus of $9.75, implying a 51.2% upside from current levels. In a report issued on August 7, Maxim Group also reiterated a Buy rating on the stock with a $10 price target.

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IEC Electronics’ market cap is currently $66.66M and has a P/E ratio of 5.62. The company has a Price to Book ratio of 2.28.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IEC in relation to earlier this year.

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 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.