Shares of Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $19.62 and last traded at $21.14, with a volume of 35328 shares. The stock had previously closed at $22.16.
Wall Street Analyst Weigh In
Several research firms recently issued reports on KE. Cantor Fitzgerald reduced their price target on Kimball Electronics from $33.00 to $28.00 and set an "overweight" rating for the company in a research note on Wednesday, February 7th. B. Riley decreased their price target on shares of Kimball Electronics from $39.00 to $34.00 and set a "buy" rating on the stock in a research note on Wednesday, February 7th.
View Our Latest Report on Kimball Electronics
Kimball Electronics Price Performance
The company has a debt-to-equity ratio of 0.43, a current ratio of 1.97 and a quick ratio of 1.00. The firm has a market cap of $565.52 million, a P/E ratio of 10.48 and a beta of 1.31. The company's 50-day moving average is $21.23 and its two-hundred day moving average is $23.37.
Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.04). Kimball Electronics had a return on equity of 10.37% and a net margin of 2.97%. The firm had revenue of $421.24 million for the quarter, compared to analyst estimates of $435.60 million. Sell-side analysts anticipate that Kimball Electronics, Inc. will post 1.6 EPS for the current fiscal year.
Institutional Investors Weigh In On Kimball Electronics
A number of large investors have recently modified their holdings of the business. First Financial Corp IN bought a new position in Kimball Electronics in the 4th quarter valued at approximately $54,000. NBC Securities Inc. bought a new position in shares of Kimball Electronics in the 3rd quarter valued at $81,000. SG Americas Securities LLC acquired a new stake in shares of Kimball Electronics during the 3rd quarter valued at $252,000. Dynamic Technology Lab Private Ltd grew its position in Kimball Electronics by 16.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 9,644 shares of the electronics maker's stock worth $260,000 after acquiring an additional 1,344 shares during the last quarter. Finally, Quadrature Capital Ltd grew its position in Kimball Electronics by 13.2% during the 3rd quarter. Quadrature Capital Ltd now owns 9,900 shares of the electronics maker's stock worth $271,000 after acquiring an additional 1,157 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company's stock.
About Kimball Electronics
(
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Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.
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