IES (NASDAQ:IESC) Downgraded to Hold at BidaskClub

BidaskClub cut shares of IES (NASDAQ:IESC) from a buy rating to a hold rating in a report published on Saturday, BidAskClub reports.

IESC stock traded up $0.09 during trading on Friday, hitting $19.74. The company had a trading volume of 12,600 shares, compared to its average volume of 21,513. The company has a fifty day moving average price of $19.74 and a two-hundred day moving average price of $18.68. The company has a current ratio of 1.53, a quick ratio of 1.40 and a debt-to-equity ratio of 0.04. The company has a market cap of $416.47 million, a P/E ratio of 11.69 and a beta of 0.53. IES has a fifty-two week low of $14.61 and a fifty-two week high of $20.99.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, August 2nd. The technology company reported $0.44 EPS for the quarter. The business had revenue of $282.60 million for the quarter. IES had a return on equity of 15.72% and a net margin of 2.75%.

A number of hedge funds have recently made changes to their positions in IESC. Edge Wealth Management LLC boosted its stake in IES by 8,333.3% in the 2nd quarter. Edge Wealth Management LLC now owns 10,120 shares of the technology company’s stock valued at $191,000 after buying an additional 10,000 shares in the last quarter. Bessemer Group Inc. acquired a new stake in IES in the 2nd quarter valued at $98,000. Strs Ohio boosted its stake in IES by 7.5% in the 2nd quarter. Strs Ohio now owns 21,500 shares of the technology company’s stock valued at $405,000 after buying an additional 1,491 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in IES by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,238 shares of the technology company’s stock valued at $607,000 after buying an additional 3,153 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in IES by 8.6% in the 2nd quarter. Renaissance Technologies LLC now owns 275,532 shares of the technology company’s stock valued at $5,194,000 after buying an additional 21,914 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

About IES

IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.

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