Kimball Electronics (NASDAQ:KE) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Kimball Electronics (NASDAQ:KE) from a hold rating to a buy rating in a research note released on Thursday.

Separately, Lake Street Capital dropped their price target on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.75.

Kimball Electronics Trading Down 3.3 %

Shares of KE stock opened at $17.41 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28. Kimball Electronics has a fifty-two week low of $16.64 and a fifty-two week high of $24.45. The company has a market cap of $429.68 million, a PE ratio of 34.14 and a beta of 1.24. The stock’s fifty day moving average price is $18.81 and its two-hundred day moving average price is $18.96.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.63% and a net margin of 0.78%. Equities analysts predict that Kimball Electronics will post 1.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in shares of Kimball Electronics during the 3rd quarter valued at about $25,000. nVerses Capital LLC bought a new position in shares of Kimball Electronics during the 3rd quarter worth approximately $48,000. Quest Partners LLC acquired a new stake in shares of Kimball Electronics during the 3rd quarter worth approximately $61,000. SG Americas Securities LLC increased its stake in shares of Kimball Electronics by 78.5% in the 3rd quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker’s stock valued at $162,000 after acquiring an additional 3,849 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Kimball Electronics by 995.9% during the 3rd quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock valued at $167,000 after acquiring an additional 8,196 shares during the period. Institutional investors 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, 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.