IntriCon (NASDAQ:IIN) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of IntriCon (NASDAQ:IIN) from a hold rating to a buy rating in a research note released on Thursday morning, ValuEngine reports.

Several other analysts have also recently commented on the company. Zacks Investment Research raised IntriCon from a sell rating to a hold rating in a report on Wednesday, July 24th. B. Riley set a $36.00 price target on IntriCon and gave the company a buy rating in a report on Friday, July 19th. Finally, Stifel Nicolaus set a $36.00 price target on IntriCon and gave the company a buy rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. IntriCon currently has an average rating of Buy and a consensus price target of $38.75.

Shares of IIN traded down $0.26 during mid-day trading on Thursday, hitting $17.83. The company’s stock had a trading volume of 107,517 shares, compared to its average volume of 160,589. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.13 and a quick ratio of 2.23. The business has a 50-day moving average of $21.22. The stock has a market capitalization of $157.09 million, a price-to-earnings ratio of 27.86, a P/E/G ratio of 7.75 and a beta of 0.68. IntriCon has a 1-year low of $16.81 and a 1-year high of $76.80.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IIN. Emerald Mutual Fund Advisers Trust purchased a new position in IntriCon in the 1st quarter valued at approximately $4,399,000. Marshall Wace LLP increased its stake in IntriCon by 51.4% in the 1st quarter. Marshall Wace LLP now owns 244,688 shares of the technology company’s stock valued at $6,137,000 after purchasing an additional 83,103 shares in the last quarter. Roubaix Capital LLC increased its stake in IntriCon by 141.8% in the 2nd quarter. Roubaix Capital LLC now owns 141,301 shares of the technology company’s stock valued at $3,301,000 after purchasing an additional 82,867 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in IntriCon by 288.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 93,919 shares of the technology company’s stock valued at $2,194,000 after purchasing an additional 69,719 shares in the last quarter. Finally, Kennedy Capital Management Inc. purchased a new position in IntriCon in the 1st quarter valued at approximately $1,697,000. 72.40% of the stock is owned by hedge funds and other institutional investors.

About IntriCon

IntriCon Corporation, together with its subsidiaries, designs, develops, engineers, manufactures, and distributes body-worn devices in the United States, Europe, Asia, and internationally. The company operates in two segments, Body Worn Devices and Hearing Health Direct-To-Consumer. It offers micro-miniature products, microelectronics; micro-mechanical assemblies; high-precision injection-molded plastic components; and assemblies and software solutions for medical biotelemetry devices, hearing healthcare, and professional audio communication devices markets.

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