Kewaunee Scientific (NASDAQ:KEQU) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• Technical breach: Kewaunee Scientific (KEQU) fell below its 200-day moving average, trading as low as $34.77 versus the 200-day average of $39.32, on volume of about 1,956 shares.
• Analysts and fundamentals: Weiss Ratings reiterated a "Hold" and the consensus rating is Hold; the company has a market cap of roughly $99.8M, a P/E of 9.35, debt/equity of 0.58, and about 32.7% institutional ownership.

Kewaunee Scientific Corporation (NASDAQ:KEQU - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $39.32 and traded as low as $34.77. Kewaunee Scientific shares last traded at $34.77, with a volume of 1,956 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Kewaunee Scientific in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".

Kewaunee Scientific Price Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 2.12 and a quick ratio of 1.45. The firm has a market cap of $99.79 million, a P/E ratio of 9.35 and a beta of 0.67. The stock's 50-day simple moving average is $37.75 and its two-hundred day simple moving average is $39.32.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KEQU. Bank of America Corp DE grew its holdings in shares of Kewaunee Scientific by 2,605.9% in the fourth quarter. Bank of America Corp DE now owns 460 shares of the technology company's stock worth $28,000 after purchasing an additional 443 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Kewaunee Scientific in the third quarter worth about $38,000. US Bancorp DE grew its holdings in shares of Kewaunee Scientific by 80.0% in the third quarter. US Bancorp DE now owns 900 shares of the technology company's stock worth $38,000 after purchasing an additional 400 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Kewaunee Scientific in the second quarter worth about $60,000. Finally, Barclays PLC bought a new position in shares of Kewaunee Scientific in the fourth quarter worth about $92,000. 32.69% of the stock is currently owned by institutional investors.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation NASDAQ: KEQU is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.

The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.

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