Boston, MA 06/13/2013 (wallstreetpr) – The share prices of IntriCon Corporation (NASDAQ:IIN) had surged by 12.66 percent to close at $3.38 per share for the end of last trading session. The stock opened at $3.79. The shares of IntriCon Corporation (NASDAQ:IIN) had recorded 52 week low price level of $3.35 per share and 52 week high price level of $6.89 per share.
IntriCon Corporation (NASDAQ:IIN) had a market capitalization of 19.25m.IntriCon Corp announced that consistent with historical revenue cycles the Company anticipate a more moderate first quarter 2013 in comparison to its fourth quarter 2012. IntriCon Corporation (IntriCon) is an international company engaged in designing, developing, engineering and manufacturing body-worn devices. IntriCon serves the body-worn device market by designing, developing, engineering and manufacturing micro-miniature products, microelectronics, micro-mechanical assemblies and complete assemblies, primarily for bio-telemetry devices, hearing instruments and professional audio communication devices. The Company operates in one operating segment, the body-worn device segment. The Company’s core technologies are focused on three main markets: medical, hearing health and professional audio communications. In October 2012, it sold its 50% ownership interest in Global Coils.
The shares of IntriCon Corporation (NASDAQ:IIN) had recently been surging to new high levels with heavy trading volumes. The company had witnessed the trade of 2633 shares per as average trading volume.
IntriCon Corporation (NASDAQ:IIN) presently holds 5.69 million shares outstanding in the market with an institutional ownership of 18 percent of its holdings.
