Kimball Electronics (NASDAQ:KE) Sees Strong Trading Volume

Shares of Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) saw an uptick in trading volume on Monday . 60,854 shares were traded during mid-day trading, a decline of 51% from the previous session's volume of 124,023 shares.The stock last traded at $21.38 and had previously closed at $21.12.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KE. Cantor Fitzgerald reduced their price target on shares of Kimball Electronics from $33.00 to $28.00 and set an "overweight" rating for the company in a research report on Wednesday, February 7th. B. Riley reduced their target price on shares of Kimball Electronics from $39.00 to $34.00 and set a "buy" rating for the company in a report on Wednesday, February 7th.

Kimball Electronics Stock 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 $533.96 million, a price-to-earnings ratio of 9.86 and a beta of 1.31. The firm has a fifty day simple moving average of $21.70 and a two-hundred day simple moving average of $24.28.

Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The electronics maker reported $0.33 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 analysts' expectations of $435.60 million. On average, analysts expect that Kimball Electronics, Inc. will post 1.6 EPS for the current year.

Hedge Funds Weigh In On Kimball Electronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd lifted its stake in shares of Kimball Electronics by 40.9% in the 4th quarter. Quadrature Capital Ltd now owns 13,948 shares of the electronics maker's stock valued at $376,000 after purchasing an additional 4,048 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Kimball Electronics by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 1,239,501 shares of the electronics maker's stock valued at $33,405,000 after buying an additional 34,242 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Kimball Electronics by 10.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 85,238 shares of the electronics maker's stock valued at $2,297,000 after buying an additional 8,005 shares during the period. Barclays PLC raised its holdings in shares of Kimball Electronics by 76.4% in the 4th quarter. Barclays PLC now owns 63,661 shares of the electronics maker's stock valued at $1,716,000 after buying an additional 27,579 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Kimball Electronics in the 4th quarter valued at $316,000. Institutional investors and hedge funds own 75.99% of the company's stock.

Kimball Electronics Company Profile

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.