Kimball Electronics (NASDAQ:KE) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• Shares crossed above the 50‑day moving average: Kimball Electronics (NASDAQ:KE) traded as high as $27.77 and last at $27.17 on Monday, surpassing its 50‑day MA of $24.87 while sitting just under the 200‑day MA of $27.38.
• Analyst outlook is mixed but positive overall: The consensus rating is "Moderate Buy" with a consensus price target of $32, split between two Buy and two Hold ratings and recent downgrades from Zacks and Wall Street Zen.
• Recent results and fundamentals: Q4 EPS matched estimates at $0.28 with revenue of $341.3M (above estimates); market cap is about $658M, P/E 28.3, and roughly 76% of the stock is institutionally owned.

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $24.87 and traded as high as $27.77. Kimball Electronics shares last traded at $27.17, with a volume of 84,814 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KE. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kimball Electronics in a research note on Friday, January 9th. Zacks Research lowered shares of Kimball Electronics from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Finally, Wall Street Zen lowered shares of Kimball Electronics from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Kimball Electronics Stock Performance

The stock's 50 day moving average price is $24.87 and its 200 day moving average price is $27.38. The company has a current ratio of 2.21, a quick ratio of 1.31 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $657.79 million, a price-to-earnings ratio of 28.30, a P/E/G ratio of 1.01 and a beta of 1.18.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The electronics maker reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. Kimball Electronics had a net margin of 1.65% and a return on equity of 6.09%. The company had revenue of $341.28 million during the quarter, compared to the consensus estimate of $339.34 million. Analysts expect that Kimball Electronics, Inc. will post 1.37 earnings per share for the current year.

Institutional Investors Weigh In On Kimball Electronics

A number of institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank raised its holdings in shares of Kimball Electronics by 1.2% in the 4th quarter. Comerica Bank now owns 27,812 shares of the electronics maker's stock valued at $774,000 after purchasing an additional 336 shares during the period. Cardinal Capital Management raised its holdings in shares of Kimball Electronics by 0.4% in the 4th quarter. Cardinal Capital Management now owns 106,570 shares of the electronics maker's stock valued at $2,965,000 after purchasing an additional 372 shares during the period. Barclays PLC raised its holdings in Kimball Electronics by 0.7% in the 4th quarter. Barclays PLC now owns 69,334 shares of the electronics maker's stock valued at $1,929,000 after acquiring an additional 498 shares during the period. Lazard Asset Management LLC raised its holdings in Kimball Electronics by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker's stock valued at $1,229,000 after acquiring an additional 561 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Kimball Electronics by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker's stock valued at $242,000 after acquiring an additional 624 shares during the period. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company's core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.

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