Keith M. Butler Purchases 8,000 Shares of IEC Electronics Corp (NYSEAMERICAN:IEC) Stock

IEC Electronics Corp (NYSEAMERICAN:IEC) Director Keith M. Butler acquired 8,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were acquired at an average price of $6.27 per share, for a total transaction of $50,160.00. Following the acquisition, the director now directly owns 51,704 shares in the company, valued at $324,184.08. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NYSEAMERICAN IEC opened at $6.28 on Friday. IEC Electronics Corp has a one year low of $4.77 and a one year high of $8.65.

IEC Electronics (NYSEAMERICAN:IEC) last released its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09). The firm had revenue of $37.29 million during the quarter, compared to analysts’ expectations of $37.00 million.

Several large investors have recently made changes to their positions in the business. Worth Venture Partners LLC purchased a new position in shares of IEC Electronics in the 4th quarter valued at $48,000. Globeflex Capital L P purchased a new position in IEC Electronics during the 1st quarter worth $74,000. Naples Global Advisors LLC purchased a new position in IEC Electronics during the 4th quarter worth $89,000. IFP Advisors Inc purchased a new position in IEC Electronics during the 4th quarter worth $124,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in IEC Electronics during the 1st quarter worth $207,000.

Several research firms have commented on IEC. Zacks Investment Research upgraded IEC Electronics from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. TheStreet lowered IEC Electronics from a “b-” rating to a “c” rating in a research report on Wednesday, May 15th.

IEC Electronics Company Profile

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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