Insider Buying: IEC Electronics Corp (IEC) CFO Purchases 7,500 Shares of Stock

IEC Electronics Corp (NYSEAMERICAN:IEC) CFO Thomas L. Barbato bought 7,500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average price of $6.36 per share, with a total value of $47,700.00. Following the transaction, the chief financial officer now directly owns 7,500 shares in the company, valued at $47,700. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NYSEAMERICAN:IEC opened at $6.02 on Wednesday. IEC Electronics Corp has a 12 month low of $4.77 and a 12 month high of $8.65.

IEC Electronics (NYSEAMERICAN:IEC) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09). The business had revenue of $37.29 million for the quarter, compared to analysts’ expectations of $37.00 million.

A number of equities research analysts have commented on the stock. Maxim Group reissued a “buy” rating and set a $10.00 price objective on shares of IEC Electronics in a report on Thursday, February 7th. TheStreet raised shares of IEC Electronics from a “c” rating to a “b-” rating in a report on Wednesday, February 13th. Finally, Zacks Investment Research lowered shares of IEC Electronics from a “hold” rating to a “sell” rating in a report on Saturday, February 9th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Worth Venture Partners LLC bought a new position in shares of IEC Electronics in the 4th quarter valued at about $48,000. Globeflex Capital L P bought a new position in shares of IEC Electronics in the 1st quarter valued at about $74,000. Vanguard Group Inc. boosted its stake in shares of IEC Electronics by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 292,526 shares of the technology company’s stock valued at $1,541,000 after purchasing an additional 11,900 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of IEC Electronics by 4.2% in the 3rd quarter. Vanguard Group Inc now owns 292,526 shares of the technology company’s stock valued at $1,541,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Walthausen & Co. LLC boosted its stake in shares of IEC Electronics by 4.9% in the 4th quarter. Walthausen & Co. LLC now owns 266,370 shares of the technology company’s stock valued at $1,524,000 after purchasing an additional 12,360 shares during the last quarter.

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About IEC Electronics

IEC Electronics Corp., together with its subsidiaries, provides electronic manufacturing services in the United States. It specializes in delivering technical solutions for the custom manufacturing, product configuration, and verification testing of engineered complex products that require a level of manufacturing.

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