IEH (OTCMKTS:IEHC) Upgraded at Zacks Research

Zacks Research upgraded shares of IEH (OTCMKTS:IEHC) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks reports.

IEH Stock Performance

Shares of IEH stock remained flat at $31.25 during midday trading on Thursday. The company had a trading volume of 11,401 shares, compared to its average volume of 6,029. IEH has a 52 week low of $9.00 and a 52 week high of $33.88. The company has a quick ratio of 6.09, a current ratio of 9.17 and a debt-to-equity ratio of 0.01. The firm has a market cap of $77.81 million, a PE ratio of 61.28 and a beta of -0.12. The firm has a 50-day moving average price of $29.48 and a 200 day moving average price of $22.73.

IEH (OTCMKTS:IEHC) last announced its quarterly earnings data on Thursday, November 12th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.32. The business had revenue of $10.70 million during the quarter, compared to analysts’ expectations of $9.90 million. IEH had a return on equity of 6.18% and a net margin of 3.82%. Equities research analysts forecast that IEH will post 0.71 EPS for the current year.

IEH Company Profile

IEH Corporation designs and manufactures high-reliability electrical connectors, specializing in its Hyperboloid contact technology. The company’s products are used to create electrical connections in demanding applications where performance and durability are important. IEH serves markets including aerospace, defense, medical, semiconductor and industrial applications. Its offerings include connector solutions designed for specific equipment and operating requirements. Founded in 1937, IEH is based in Brooklyn, New York.