IEC Stock Soars (IEC)

NEW YORK ( TheStreet) -- Shares of IEC Electronics Corporation (AMEX: IEC) have taken a tremendous swing upward. The stock is trading at $8.58 as of 1:57 p.m. ET, 21% above Thursday's closing price of $7.09. Volume is at 225,276, 4.4 times the daily average of 50,900.

IEC has a market cap of $66.7 million and is part of the technology sector and electronics industry. Shares are down 6.7% year to date as of the close of trading on Thursday.

IEC Electronics Corp. provides electronic manufacturing services (EMS) to technology companies in the United States. It involves in the custom manufacture of circuit cards, system level assemblies, and an array of custom cable/wire harness assemblies. The company has a P/E ratio of 13.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 16.4.

TheStreet Ratings rates IEC as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full IEC Ratings Report.

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