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Is IntriCon (IIN) Stock Outpacing Its Computer and Technology Peers This Year?

Zacks Equity Research
Some investors are rotating out of earlier high flying technology stocks into cheap emerging markets.
Some investors are rotating out of earlier high flying technology stocks into cheap emerging markets.

Investors focused on the Computer and Technology space have likely heard of IntriCon (IIN), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of IIN and the rest of the Computer and Technology group's stocks.

IntriCon is a member of the Computer and Technology sector. This group includes 626 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. IIN is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for IIN's full-year earnings has moved 54.93% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, IIN has moved about 234.85% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 10.45%. As we can see, IntriCon is performing better than its sector in the calendar year.

Breaking things down more, IIN is a member of the Electronics - Miscellaneous Components industry, which includes 34 individual companies and currently sits at #58 in the Zacks Industry Rank. On average, this group has gained an average of 1.71% so far this year, meaning that IIN is performing better in terms of year-to-date returns.

IIN will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.

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