IntriCon Co. (IIN) Given Consensus Recommendation of “Buy” by Brokerages

IntriCon Co. (NASDAQ:IIN) has been given an average recommendation of “Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $51.67.

Several equities analysts have recently weighed in on the stock. TheStreet raised shares of IntriCon from a “c+” rating to a “b” rating in a research report on Friday, August 31st. B. Riley increased their price objective on shares of IntriCon from $62.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 price objective (up from $50.00) on shares of IntriCon in a research report on Thursday, July 26th. Zacks Investment Research raised shares of IntriCon from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday, July 11th. Finally, Dougherty & Co lowered shares of IntriCon from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a research report on Tuesday, September 11th.

In other news, Director Philip Irving Smith sold 10,000 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $74.18, for a total value of $741,800.00. Following the transaction, the director now directly owns 6,667 shares of the company’s stock, valued at $494,558.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.20% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its holdings in IntriCon by 3.1% in the 3rd 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 during the period. Navellier & Associates Inc boosted its stake in shares of IntriCon by 30.9% in the 2nd quarter. Navellier & Associates Inc now owns 15,142 shares of the technology company’s stock valued at $610,000 after purchasing an additional 3,577 shares in the last quarter. CAPROCK Group Inc. acquired a new stake in shares of IntriCon in the 3rd quarter valued at approximately $251,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of IntriCon in the 3rd quarter valued at approximately $270,000. Finally, Cypress Capital Management LLC WY acquired a new stake in shares of IntriCon in the 3rd quarter valued at approximately $314,000. 39.42% of the stock is currently owned by institutional investors and hedge funds.

IIN traded up $1.51 during trading hours on Friday, hitting $41.57. 15,538 shares of the company’s stock were exchanged, compared to its average volume of 247,793. IntriCon has a 1-year low of $13.25 and a 1-year high of $76.80. The stock has a market capitalization of $376.46 million, a price-to-earnings ratio of 144.62, a PEG ratio of 5.00 and a beta of 0.93. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

IntriCon (NASDAQ:IIN) last announced its quarterly earnings results on Monday, November 5th. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $30.13 million during the quarter, compared to analysts’ expectations of $30.23 million. IntriCon had a net margin of 4.32% and a return on equity of 19.76%. As a group, research analysts predict that IntriCon will post 0.7 earnings per share for the current fiscal year.

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.

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