Kimball Electronics (NASDAQ:KE) Stock Rating Upgraded by StockNews.com

Kimball Electronics (NASDAQ:KE - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

Separately, Lake Street Capital cut their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Kimball Electronics currently has an average rating of "Moderate Buy" and a consensus price target of $22.75.

Kimball Electronics Price Performance

KE traded down $0.03 during midday trading on Friday, reaching $17.58. 223,796 shares of the company's stock were exchanged, compared to its average volume of 126,023. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. The stock has a market capitalization of $428.60 million, a PE ratio of 54.94 and a beta of 1.11. The business's 50-day moving average price is $15.49 and its 200 day moving average price is $17.50. Kimball Electronics has a 1-year low of $12.41 and a 1-year high of $24.45.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. The company had revenue of $374.61 million during the quarter, compared to analysts' expectations of $338.08 million. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. As a group, equities analysts anticipate that Kimball Electronics will post 0.89 EPS for the current fiscal year.

Institutional Trading of Kimball Electronics

A number of institutional investors and hedge funds have recently modified their holdings of KE. GAMMA Investing LLC boosted its position in shares of Kimball Electronics by 3,256.0% during the 1st quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock valued at $69,000 after purchasing an additional 4,070 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Kimball Electronics during the fourth quarter worth approximately $82,000. Aquatic Capital Management LLC boosted its holdings in shares of Kimball Electronics by 211.6% during the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock worth $163,000 after purchasing an additional 5,926 shares during the period. Graham Capital Management L.P. acquired a new stake in shares of Kimball Electronics during the fourth quarter worth approximately $201,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Kimball Electronics during the first quarter worth approximately $177,000. 75.99% of the stock is owned by institutional investors and hedge funds.

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.