IntriCon Corporation (IIN) Price Target Increased to $11.00 by Analysts at Dougherty & Co
IntriCon Corporation (NASDAQ:IIN) had its target price lifted by equities research analysts at Dougherty & Co from $10.00 to $11.00 in a report issued on Friday. The firm presently has a “buy” rating on the stock. Dougherty & Co’s target price would indicate a potential upside of 42.86% from the company’s current price.
Separately, Zacks Investment Research cut shares of IntriCon Corporation from a “hold” rating to a “sell” rating in a research note on Friday.
IntriCon Corporation (NASDAQ:IIN) traded down 2.60% during mid-day trading on Friday, reaching $7.50. 7,049 shares of the company were exchanged. IntriCon Corporation has a 1-year low of $4.12 and a 1-year high of $7.95. The company’s market capitalization is $51.01 million. The company has a 50 day moving average of $7.15 and a 200-day moving average of $6.02.
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Several hedge funds have recently added to or reduced their stakes in IIN. Emancipation Management LLC boosted its stake in IntriCon Corporation by 26.8% in the fourth quarter. Emancipation Management LLC now owns 56,350 shares of the company’s stock worth $388,000 after buying an additional 11,900 shares in the last quarter. Pacific Alternative Asset Management Company LLC bought a new stake in IntriCon Corporation during the third quarter worth approximately $630,000. Finally, Heartland Advisors Inc. boosted its stake in IntriCon Corporation by 1.4% in the third quarter. Heartland Advisors Inc. now owns 405,591 shares of the company’s stock worth $2,346,000 after buying an additional 5,591 shares in the last quarter. 26.60% of the stock is owned by institutional investors and hedge funds.
IntriCon Corporation Company Profile
IntriCon Corporation is engaged in designing, developing, engineering, manufacturing and distributing body-worn devices. The Company operates through body-worn device segment. The Company serves the body-worn device market by designing, developing, engineering and manufacturing micro-miniature products, microelectronics, micro-mechanical assemblies, complete assemblies and software solutions, primarily for the value hearing health market, the medical bio-telemetry market and the professional audio communication market.
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