IEC Electronics Corp (NYSEAMERICAN:IEC), an electronic manufacturing services company, scored a major milestone Friday by receiving approval to uplist on the tech-laden Nasdaq with the symbol "IEC”.
The company said trading on the Nasdaq is expected to start on January 2, 2020. The company’s shares will continue to trade on the NYSE American until December 31.
“We are excited to join Nasdaq. Given our strong growth in revenue and profitability, we believe this move will further enhance our visibility in the marketplace, expose our company to a larger audience of institutional investors and ultimately increase liquidity and shareholder value,” said IEC Electronics CEO Jeffrey T Schlarbaum.
The stock was flat at $9.18 in early trade.
Founded in 1966, IEC, together with its subsidiaries, provides electronic manufacturing services to the defense, medical, industrial, and aerospace sectors in the US.
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