IntriCon Corporation (IIN) lost ground during morning trading on September 23 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the industrial goods sector halfway through the trading day. At the lunch break, shares of IIN have fallen 3.92% to $5.39 after closing the day prior at $5.61. So far, the stock has traded as high as $5.46 and as low as $5.39. Today’s decline has come with about 3,200 shares changing hands, compared to an average 30-day volume of 10,081 for IntriCon Corporation. The price is currently below the 30-day volume weighted average price of $5.42 for IIN.
The share depreciation gives the company a market capitalization of $38.13 million based upon 6.8 million shares outstanding. It also means that IIN has a price-to-book ratio of 1.78:1.
In the past 52 weeks, shares of IIN have traded as low as $4.12 and as high as $8.65. Technical traders will take note that at $5.39, shares of IIN are trading below their 200-day MA at $5.88 and above their 50-day MA at $4.73. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is IIN?
IntriCon Corp, along with its subsidiaries, is engaged in designing, developing, engineering and manufacturing body-worn devices for medical bio-telemetry devices, value hearing health devices and professional audio communication devices. The company’s 646 employees are led by CEO Mark S. Gorder from the corporate headquarters at 1260 Red Fox Road in Arden Hills, MN.
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