ValuEngine Lowers IntriCon (IIN) to Buy

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ValuEngine cut shares of IntriCon (NASDAQ:IIN) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

IIN has been the topic of a number of other research reports. TheStreet downgraded shares of IntriCon from a b rating to a c+ rating in a research report on Monday, October 1st. BidaskClub downgraded shares of IntriCon from a strong-buy rating to a buy rating in a research report on Tuesday, November 13th. Zacks Investment Research upgraded shares of IntriCon from a hold rating to a buy rating and set a $50.00 target price on the stock in a research report on Wednesday, October 24th. Stifel Nicolaus boosted their target price on shares of IntriCon from $65.00 to $70.00 and gave the company a buy rating in a research report on Friday, September 21st. Finally, Dougherty & Co downgraded shares of IntriCon from a buy rating to a neutral rating and set a $12.00 target price on the stock. in a research report on Tuesday, September 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $48.50.

Shares of IntriCon stock traded down $2.07 during trading on Friday, reaching $31.09. 148,501 shares of the company traded hands, compared to its average volume of 186,370. IntriCon has a 1-year low of $16.70 and a 1-year high of $76.80. The company has a market capitalization of $286.53 million, a PE ratio of 107.21, a PEG ratio of 3.84 and a beta of 0.95.

IntriCon (NASDAQ:IIN) last released its earnings results on Monday, November 5th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. IntriCon had a net margin of 4.82% and a return on equity of 13.06%. The company had revenue of $30.13 million for the quarter, compared to the consensus estimate of $30.23 million. On average, analysts anticipate that IntriCon will post 0.72 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Navellier & Associates Inc grew 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 worth $610,000 after acquiring an additional 3,577 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of IntriCon in the 2nd quarter worth $232,000. Mackay Shields LLC bought a new stake in shares of IntriCon in the 2nd quarter worth $963,000. Bank of New York Mellon Corp bought a new stake in shares of IntriCon in the 2nd quarter worth $741,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of IntriCon in the 2nd quarter worth $526,000. Hedge funds and other institutional investors own 59.51% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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