Shares of IntriCon Co. (NASDAQ:IIN) reached a new 52-week high and low during trading on Tuesday . The stock traded as low as $31.15 and last traded at $29.70, with a volume of 1557 shares changing hands. The stock had previously closed at $30.40.
Several research firms have recently commented on IIN. Zacks Investment Research lowered shares of IntriCon from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. ValuEngine raised IntriCon from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus assumed coverage on IntriCon in a research report on Monday, April 16th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, B. Riley boosted their target price on IntriCon from $26.50 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, May 9th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. IntriCon has a consensus rating of “Buy” and an average price target of $29.33.
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The stock has a market cap of $208.93 million, a PE ratio of 75.00, a P/E/G ratio of 4.23 and a beta of 0.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.44 and a quick ratio of 0.62.
IntriCon (NASDAQ:IIN) last announced its earnings results on Monday, May 7th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The company had revenue of $25.36 million for the quarter, compared to analyst estimates of $23.55 million. IntriCon had a return on equity of 15.02% and a net margin of 3.21%. analysts anticipate that IntriCon Co. will post 0.47 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in IIN. EAM Investors LLC raised its position in IntriCon by 185.6% in the fourth quarter. EAM Investors LLC now owns 138,873 shares of the technology company’s stock valued at $2,750,000 after purchasing an additional 90,253 shares during the period. Algert Global LLC raised its position in IntriCon by 165.7% in the fourth quarter. Algert Global LLC now owns 87,059 shares of the technology company’s stock valued at $1,724,000 after purchasing an additional 54,299 shares during the period. Allianz Asset Management GmbH purchased a new stake in IntriCon in the first quarter valued at approximately $1,050,000. Renaissance Technologies LLC raised its position in IntriCon by 21.5% in the fourth quarter. Renaissance Technologies LLC now owns 288,600 shares of the technology company’s stock valued at $5,714,000 after purchasing an additional 51,000 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in IntriCon in the first quarter valued at approximately $386,000. 34.15% of the stock is currently owned by institutional investors.
IntriCon Company Profile
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.