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 $5.91 as of 9:30 a.m. ET, 24.2% above Monday's closing price of $4.76. Volume is at 7,828, 0.3 times the daily average of 24,500.

IEC has a market cap of $47.3 million and is part of the technology sector and electronics industry. Shares are unchanged year to date as of the close of trading on Monday.

IEC Electronics Corp. provides electronic contract manufacturing services to advanced technology companies in the United States. The company has a P/E ratio of 7.3, below the average electronics industry P/E ratio of 7.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates IEC as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full IEC Ratings Report.

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