Kimball Electronics (NASDAQ:KE) Shares Cross Above 50 Day Moving Average - Time to Sell?

Key Points

• Kimball Electronics' stock price has surpassed its 50-day moving average, trading recently at $33.13, compared to the average of $24.44.
• The company has received multiple upgrades from analysts, with a consensus rating of "Buy" and a target price of $28.00, indicating strong confidence in its prospects.
• In its latest earnings report, Kimball Electronics exceeded expectations with $0.34 EPS and a revenue of $380.47 million, significantly outperforming the anticipated $333.19 million.

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $24.44 and traded as high as $33.19. Kimball Electronics shares last traded at $33.13, with a volume of 403,649 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. B. Riley reissued a "buy" rating on shares of Kimball Electronics in a research report on Thursday, August 14th. Lake Street Capital boosted their price target on shares of Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Zacks Research raised shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Finally, Wall Street Zen raised shares of Kimball Electronics from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $28.00.

Kimball Electronics Stock Down 4.6%

The stock's fifty day moving average is $24.68 and its two-hundred day moving average is $19.66. The company has a current ratio of 2.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23. The firm has a market cap of $770.16 million, a P/E ratio of 47.15 and a beta of 1.28.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its earnings results on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.14. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. The business had revenue of $380.47 million for the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

Hedge Funds Weigh In On Kimball Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC grew its stake 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 worth $1,229,000 after buying an additional 561 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kimball Electronics by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,063 shares of the electronics maker's stock worth $263,000 after buying an additional 608 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Kimball Electronics by 9.1% in the 2nd quarter. AlphaQuest LLC now owns 8,119 shares of the electronics maker's stock valued at $156,000 after purchasing an additional 678 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Kimball Electronics by 2.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 36,888 shares of the electronics maker's stock valued at $607,000 after purchasing an additional 791 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC boosted its stake in shares of Kimball Electronics by 12.1% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker's stock valued at $144,000 after purchasing an additional 806 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.

About Kimball Electronics

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.