Published On: Sat, Sep 10th, 2016

Integer Holdings Co. (ITGR) Shares Down 4.7%

Shares of Integer Holdings Co. (NASDAQ:ITGR) fell 4.7% during mid-day trading on Friday . The company traded as low as $23.92 and last traded at $23.94, with a volume of 63,005 shares trading hands. The stock had previously closed at $25.12.
A number of brokerages have recently weighed in on ITGR. Sterne Agee CRT restated a “buy” rating on shares of Integer Holdings in a research note on Monday, May 16th. Zacks Investment Research upgraded shares of Integer Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, May 19th. Finally, TheStreet cut shares of Integer Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Integer Holdings has an average rating of “Hold” and a consensus target price of $57.00.
The stock has a 50-day moving average price of $24.65 and a 200 day moving average price of $31.18. The company’s market cap is $722.90 million.

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Integer Holdings (NASDAQ:ITGR) last posted its earnings results on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by $0.14. The company earned $348.38 million during the quarter, compared to analyst estimates of $356.72 million. During the same period last year, the firm posted $0.73 earnings per share. The business’s quarterly revenue was up 99.2% compared to the same quarter last year. On average, equities research analysts expect that Integer Holdings Co. will post $2.64 EPS for the current fiscal year.
About Integer Holdings
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.

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