Kimball Electronics (NASDAQ:KE) Share Price Breaks Above 50-Day Moving Average - Time to Sell?

Key Points

• Kimball Electronics shares broke above the 50-day moving average, reaching $29.10 and last trading at $28.79, compared with a 50-day average of $25.65.
• Analyst sentiment is mixed but leans positive: the stock has a “Moderate Buy” consensus rating and a $32 price target, despite recent hold and sector-weight ratings.
• The company recently missed quarterly earnings expectations, reporting a loss of $0.01 per share versus consensus of $0.39, while institutional investors own approximately 76% of the stock.

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $25.65 and traded as high as $29.10. Kimball Electronics shares last traded at $28.79, with a volume of 275,232 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KE shares. Wall Street Zen downgraded shares of Kimball Electronics from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. KeyCorp started coverage on shares of Kimball Electronics in a research note on Thursday, July 2nd. They issued a "sector weight" rating on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Kimball Electronics in a research report on Tuesday, August 4th. Finally, Zacks Research raised shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

Kimball Electronics Trading Down 1.0%

The firm's 50-day moving average price is $25.65 and its 200-day moving average price is $25.42. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The company has a market cap of $690.67 million, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 1.15 and a beta of 1.24.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%.The business had revenue of $371.57 million during the quarter, compared to the consensus estimate of $373.63 million. As a group, equities research analysts expect that Kimball Electronics, Inc. will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Kimball Electronics by 36.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,707 shares of the electronics maker's stock worth $47,000 after purchasing an additional 452 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Kimball Electronics by 7.9% during the 2nd quarter. NewEdge Advisors LLC now owns 201,940 shares of the electronics maker's stock valued at $5,170,000 after purchasing an additional 14,754 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Kimball Electronics by 7.6% in the second quarter. IFP Advisors Inc now owns 8,422 shares of the electronics maker's stock worth $216,000 after purchasing an additional 592 shares during the period. AXQ Capital LP bought a new position in shares of Kimball Electronics in the second quarter worth $284,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Kimball Electronics in the second quarter worth $519,000. Institutional investors own 75.99% of the company's stock.

About Kimball Electronics

Kimball Electronics, Inc is a contract manufacturer that provides electronic manufacturing services, engineering support and supply-chain solutions for original equipment manufacturers. The company helps customers design, build, test and manage products ranging from circuit-board assemblies to complete, integrated systems.

Kimball Electronics serves a diverse group of markets, including automotive, medical, industrial and public safety applications. Its capabilities include printed circuit board assembly, box-build and system integration, prototyping, product testing, tooling, automation and other manufacturing services.

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