Zacks Research Upgrades IEH (OTCMKTS:IEHC) to “Strong-Buy”

IEH (OTCMKTS:IEHC) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday, Zacks reports.

IEH Price Performance

Shares of OTCMKTS IEHC remained flat at $31.25 during mid-day trading on Thursday. The company had a trading volume of 11,401 shares, compared to its average volume of 6,029. The firm has a market capitalization of $77.81 million, a P/E ratio of 61.28 and a beta of -0.12. IEH has a 12 month low of $9.00 and a 12 month high of $33.88. The company has a current ratio of 9.17, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $29.48 and its 200 day simple moving average is $22.73.

IEH (OTCMKTS:IEHC) last issued its earnings results 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 6.18% and a net margin of 3.82%. The business had revenue of $10.70 million during the quarter, compared to analysts’ expectations of $9.90 million. On average, equities research analysts anticipate that IEH will post 0.71 earnings per share for the current fiscal year.

About IEH

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.