IEH (OTCMKTS:IEHC) Upgraded at Zacks Research

IEH (OTCMKTS:IEHC) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.

IEH Stock Performance

IEH stock remained flat at $31.25 during trading hours on Thursday. 11,401 shares of the company’s stock were exchanged, compared to its average volume of 6,029. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.09 and a current ratio of 9.17. IEH has a 12-month low of $9.00 and a 12-month high of $33.88. The company has a market cap of $77.81 million, a P/E ratio of 61.28 and a beta of -0.12. The stock has a fifty day moving average price of $29.48 and a 200 day moving average price of $22.73.

IEH (OTCMKTS:IEHC) last issued its earnings results on Thursday, November 12th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.19 by $0.32. IEH had a net margin of 3.82% and a return on equity of 6.18%. The company had revenue of $10.70 million during the quarter, compared to analysts’ expectations of $9.90 million. On average, analysts expect that IEH will post 0.71 earnings per share for the current fiscal 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.