Noteworthy Price Action: What’s Ahead for Integer Holdings Corporation After Today’s Big Increase?

Noteworthy Price Action: What's Ahead for Integer Holdings Corporation After Today's Big Increase?

The stock of Integer Holdings Corporation (NYSE:ITGR) is a huge mover today! The stock increased 19.06% or $3.46 on October 28, hitting $21.61. About 1.00 million shares traded hands or 331.28% up from the average. Integer Holdings Corporation (NYSE:ITGR) has declined 45.92% since March 28, 2016 and is downtrending. It has underperformed by 50.63% the S&P500.
The move comes after 5 months positive chart setup for the $559.04M company. It was reported on Oct, 28 by Barchart.com. We have $28.09 PT which if reached, will make NYSE:ITGR worth $167.71 million more.

Analysts await Integer Holdings Corporation (NYSE:ITGR) to report earnings on November, 3. They expect $0.81 earnings per share, up 39.66% or $0.23 from last year’s $0.58 per share. ITGR’s profit will be $20.95 million for 6.67 P/E if the $0.81 EPS becomes a reality. After $0.56 actual earnings per share reported by Integer Holdings Corporation for the previous quarter, Wall Street now forecasts 44.64% EPS growth.

According to Zacks Investment Research, “Integer Holdings Corporation is a medical device outsource manufacturer. The company serving the cardiac, neuromodulation, orthopedics, vascular, advanced surgical and power solutions markets. It also develops batteries for high-end niche applications in energy, military, and environmental markets. The company’s brands include Greatbatch Medical, Lake Region Medical and Electrochem. Integer Holdings Corporation, formerly known as Greatbatch Inc., is based in Frisco, United States.”

More notable recent Integer Holdings Corporation (NYSE:ITGR) news were published by: Reuters.com which released: “BRIEF-Integer Holdings Corporation Q3 2016 non-GAAP EPS $0.83” on October 27, 2016, also Globenewswire.com with their article: “Integer Holdings Corporation Reports 2016 Third Quarter Results” published on October 27, 2016, Seekingalpha.com published: “Integer Holdings’ (ITGR) CEO Thomas Hook on Q3 2016 Results – Earnings Call …” on October 28, 2016. More interesting news about Integer Holdings Corporation (NYSE:ITGR) were released by: Globenewswire.com and their article: “Greatbatch, Inc. Renamed Integer Holdings Corporation” published on June 27, 2016 as well as Streetinsider.com‘s news article titled: “Integer Holdings Corp (ITGR) CFO Dinkins Resigns” with publication date: September 14, 2016.

ITGR Company Profile

Integer Holdings Corporation, formerly Greatbatch, Inc., incorporated on June 13, 1997, makes and develops medical devices and components primarily for original equipment manufacturers (OEMs), which depend on it to design, develop and produce intellectual property protected medical device technologies. The Firm owns Lake Region Medical Holdings, Inc. (Lake Region Medical), which is a medical device outsource (MDO) maker serving the cardiac, neuromodulation, orthopedics, cardio and vascular, advanced surgical, portable medical, energy, environmental and military markets. The Firm operates through three divisions: Greatbatch Medical, QiG and Lake Region Medical. The Company’s brands include Greatbatch Medical, Lake Region Medical and Electrochem.

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