Today it was reported that the President & CEO of Intricon Corp (IIN – Research Report), Mark Stephen Gorder, exercised options to buy 20,000 IIN shares at $4.69 a share, for a total transaction value of $93.8K. The options were close to expired and Mark Stephen Gorder retained stocks.
Following Mark Stephen Gorder’s last IIN Buy transaction on July 28, 2015, the stock climbed by 27.5%. This recent transaction increases Mark Stephen Gorder’s holding in the company by 8.29% to a total of $8.97 million.
Based on Intricon Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $30.13 million and quarterly net profit of $1.9 million. In comparison, last year the company earned revenue of $24.03 million and had a net profit of $1.1 million. IIN’s market cap is $296.7M and the company has a P/E ratio of 54.60. Currently, Intricon Corp has an average volume of 71.43K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $71.50, reflecting a 111.1% upside. Starting in September 2018, IIN received 4 Buy ratings in a row.
The insider sentiment on Intricon Corp has been positive according to 30 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Mark Stephen Gorder’s trades have generated a 51.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Intricon Corp. engages in the design, development, engineering, manufacture, and distribution of miniature and micro-miniature body-worn devices. It operates through the Body-Worn Device and Hearing Health Direct-To-Consumer segments. The Body-Worn Device segment comprises medical, hearing health, and professional audio markets.