IES Holdings Inc (NASDAQ:IESC)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $19.00. IES shares last traded at $18.80, with a volume of 278 shares.
Separately, BidaskClub raised IES from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.
The firm has a market cap of $410.95 million, a P/E ratio of 11.25 and a beta of 0.58. The stock has a 50-day moving average of $18.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.40 and a current ratio of 1.53.
In other IES news, CEO Gary S. Matthews purchased 1,500 shares of the stock in a transaction on Thursday, May 30th. The shares were bought at an average price of $16.90 per share, for a total transaction of $25,350.00. Following the completion of the transaction, the chief executive officer now owns 261,500 shares of the company’s stock, valued at approximately $4,419,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 60.80% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Bessemer Group Inc. purchased a new position in shares of IES in the second quarter valued at approximately $98,000. Bank of America Corp DE lifted its position in shares of IES by 48.3% in the fourth quarter. Bank of America Corp DE now owns 6,362 shares of the technology company’s stock valued at $99,000 after acquiring an additional 2,071 shares in the last quarter. Edge Wealth Management LLC lifted its position in shares of IES by 8,333.3% in the second quarter. Edge Wealth Management LLC now owns 10,120 shares of the technology company’s stock valued at $191,000 after acquiring an additional 10,000 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of IES by 156.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,743 shares of the technology company’s stock valued at $280,000 after acquiring an additional 9,603 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of IES by 7.1% in the fourth quarter. Deutsche Bank AG now owns 18,441 shares of the technology company’s stock valued at $284,000 after acquiring an additional 1,221 shares in the last quarter. Institutional investors own 77.80% of the company’s stock.
IES Company Profile (NASDAQ:IESC)
IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.
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