IEH (OTCMKTS:IEHC) Shares Break Above 50-Day Moving Average – Here’s Why

Ieh Corp (OTCMKTS:IEHC) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $29.51 and traded as high as $31.25. IEH shares last traded at $31.25, with a volume of 38,869 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded IEH to a “hold” rating in a report on Wednesday, September 16th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

IEH Stock Up 9.3%

The company has a market capitalization of $77.81 million, a P/E ratio of -3,125.00 and a beta of -0.12. The company has a 50-day moving average of $29.51 and a two-hundred day moving average of $22.64. The company has a quick ratio of 6.09, a current ratio of 9.17 and a debt-to-equity ratio of 0.01.

IEH (OTCMKTS:IEHC) last posted its quarterly earnings data on Thursday, November 12th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.32. IEH had a return on equity of 0.06% and a net margin of 0.04%. On average, research analysts predict that Ieh Corp will post 0.71 EPS for the current year.

IEH Company Profile

IEH Corporation (OTCMKTS:IEHC) designs and manufactures high-reliability interconnect products and electronic packaging solutions. Its offerings include custom connectors, sockets, and related components used to establish electrical connections within demanding electronic systems. The company serves markets that require durable and precise interconnection technology, including aerospace, defense, medical, industrial, and other commercial applications. IEH’s products are intended for use in environments where performance, reliability, and resistance to demanding operating conditions are important.