IEH Corp
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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Blend
Company profile

IEH Corporation (IEH) designs, develops, and manufactures HYPERBOLOID sockets and printed circuit board (PCB) connectors for the military and aerospace industries. HYPERBOLOID technology is used in avionics platforms, military and commercial aerospace equipment, engine control systems, missiles and torpedoes, vehicular electronics, satellites and rocket launchers, medical devices, industrial and environmental controls, test equipment, pin grid array (PGA) socket and rugged applications. IEH serves customers in the United States and abroad, with sales in approximately 40 countries. IEH customers include defense contractors, commercial aerospace equipment manufacturers, medical device manufacturers, oil and gas exploration firms, and commercial space launch companies.

Closing Price
$12.15
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
12.20
Day's Low
12.15
Volume
(Light)
Volume:
2

10-day average volume:
1,000
2

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Target Corporation - TGT

10:19 pm ET June 27, 2022 (PR Newswire) Print

Pomerantz LLP is investigating claims on behalf of investors of Target Corporation ("Target" or the "Company") (NYSE: TGT). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

https://mma.prnewswire.com/media/1486339/Pomerantz_Logo.jpg

The investigation concerns whether Target and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On May 18, 2022, Target announced its first quarter 2022 financial results in a press release. The Company also provided guidance, expecting second quarter 2022 "operating income margin rate [to] be in a wide range centered around first quarter's operating margin rate of 5.3 percent." Just three weeks later, on June 7, 2022, Target revised its guidance, expecting the second quarter 2022 operating margin rate to "be in a range around 2%." The Company attributed the change to "a set of actions to right-size [Target's] inventory for the balance of the year[.]"

On this news, Target's stock price fell $3.69 per share, or 2.31%, to close at $155.98 per share on June 7, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com

CONTACT:Robert S. WilloughbyPomerantz LLPrswilloughby@pomlaw.com888-476-6529 ext. 7980

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View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-target-corporation---tgt-301576291.html

SOURCE Pomerantz LLP

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comtex tracking

COMTEX_409334771/1005/2022-06-27T22:19:09

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