Kimball Electronics (NASDAQ:KE) Shares Down 9.3% – Here’s What Happened

Kimball Electronics, Inc. (NASDAQ:KE) fell 9.3% on Friday . The stock traded as low as $28.04 and last traded at $27.5650. 4,068 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 179,457 shares. The stock had previously closed at $30.38.

Analyst Ratings Changes

A number of research firms recently issued reports on KE. B. Riley reiterated a “buy” rating on shares of Kimball Electronics in a research note on Thursday, October 9th. Wall Street Zen upgraded Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, October 14th. Lake Street Capital reaffirmed a “buy” rating and set a $32.00 price objective on shares of Kimball Electronics in a research note on Friday. Finally, Zacks Research lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Stock Down 3.3%

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.20 and a quick ratio of 1.34. The company has a fifty day moving average price of $29.64 and a 200 day moving average price of $23.12. The company has a market cap of $664.06 million, a PE ratio of 40.64, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Wednesday, November 5th. The electronics maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.25. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. The business had revenue of $365.60 million during the quarter, compared to analyst estimates of $338.43 million. Kimball Electronics has set its FY 2026 guidance at EPS. As a group, analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Institutional Investors Weigh In On Kimball Electronics

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Kimball Electronics by 45.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker’s stock valued at $5,580,000 after purchasing an additional 105,889 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Kimball Electronics in the 1st quarter worth approximately $200,000. Avantax Advisory Services Inc. boosted its stake in Kimball Electronics by 81.8% in the first quarter. Avantax Advisory Services Inc. now owns 63,392 shares of the electronics maker’s stock worth $1,043,000 after buying an additional 28,521 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Kimball Electronics by 34.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker’s stock valued at $4,946,000 after acquiring an additional 77,272 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Kimball Electronics during the first quarter worth approximately $4,036,000. Institutional investors own 75.99% of the company’s stock.

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.