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 Ratings Changes
A number of research firms recently issued reports on KE. Lake Street Capital boosted their price objective on Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Wall Street Zen raised Kimball Electronics from a "buy" rating to a "strong-buy" rating in a report on Monday, September 1st. Zacks Research upgraded Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Finally, B. Riley restated a "buy" rating on shares of Kimball Electronics in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $28.00.
Check Out Our Latest Stock Report on Kimball Electronics
Kimball Electronics Price Performance
The business has a 50 day simple moving average of $24.92 and a two-hundred day simple moving average of $19.79. The firm has a market capitalization of $778.45 million, a P/E ratio of 47.66 and a beta of 1.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 2.20.
Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.20 by $0.14. The company had revenue of $380.47 million during the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%. Kimball Electronics has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.
Institutional Trading of Kimball Electronics
Hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in Kimball Electronics by 18.6% in the second quarter. American Century Companies Inc. now owns 698,414 shares of the electronics maker's stock valued at $13,431,000 after acquiring an additional 109,553 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Kimball Electronics by 10.3% in the 1st quarter. Earnest Partners LLC now owns 691,417 shares of the electronics maker's stock worth $11,374,000 after purchasing an additional 64,307 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Kimball Electronics by 70.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 411,921 shares of the electronics maker's stock valued at $7,921,000 after purchasing an additional 169,735 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Kimball Electronics by 3.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 350,253 shares of the electronics maker's stock valued at $6,735,000 after buying an additional 11,023 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Kimball Electronics by 34.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker's stock worth $4,946,000 after buying an additional 77,272 shares during the last quarter. 75.99% of the stock is owned by institutional investors.
About Kimball Electronics
(
Get Free Report)
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.
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