Kimball Electronics (NASDAQ:KE) Sets New 12-Month Low – Here’s What Happened

Shares of Kimball Electronics, Inc. (NASDAQ:KE – Get Free Report) hit a new 52-week low during trading on Friday. The company traded as low as $19.11 and last traded at $19.26, with a volume of 491,143 shares traded. The stock had previously closed at $20.45.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Zacks Research downgraded shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Monday, November 2nd. Finally, Cantor Fitzgerald dropped coverage on shares of Kimball Electronics in a research report on Monday, October 12th. They set an “overweight” rating for the company. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Get Our Latest Analysis on KE

Kimball Electronics Stock Performance

The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 0.18. The company has a market cap of $462.05 million, a price-to-earnings ratio of 22.93 and a beta of 1.23. The stock has a 50 day moving average price of $26.01 and a two-hundred day moving average price of $25.57.

Kimball Electronics (NASDAQ:KE – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The electronics maker reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.15). Kimball Electronics had a return on equity of 3.10% and a net margin of 1.41%. The company had revenue of $390.80 million for the quarter, compared to analyst estimates of $387.20 million. Analysts predict that Kimball Electronics, Inc. will post 1.32 EPS for the current year.

Hedge Funds Weigh In On Kimball Electronics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its position in shares of Kimball Electronics by 1.6% during the third quarter. Fifth Third Bancorp now owns 41,673 shares of the electronics maker’s stock worth $1,139,000 after purchasing an additional 656 shares in the last quarter. BOKF NA grew its holdings in shares of Kimball Electronics by 41.5% in the 3rd quarter. BOKF NA now owns 13,928 shares of the electronics maker’s stock valued at $381,000 after buying an additional 4,086 shares during the period. Signaturefd LLC grew its holdings in shares of Kimball Electronics by 70.4% in the 3rd quarter. Signaturefd LLC now owns 2,082 shares of the electronics maker’s stock valued at $57,000 after buying an additional 860 shares during the period. Cardinal Capital Management increased its position in shares of Kimball Electronics by 5.3% in the 3rd quarter. Cardinal Capital Management now owns 113,882 shares of the electronics maker’s stock valued at $3,112,000 after buying an additional 5,710 shares in the last quarter. Finally, Sax Wealth Advisors LLC bought a new stake in shares of Kimball Electronics in the 3rd quarter valued at $205,000. Institutional investors own 75.99% of the company’s stock.

About Kimball Electronics

(Get Free Report)

Kimball Electronics, Inc is a contract manufacturing and engineering services company that helps original equipment manufacturers design, develop and produce electronic and electrical products. The company provides services spanning product design and development, prototyping, testing, manufacturing, supply chain management and aftermarket support.

Kimball Electronics serves customers in the automotive, medical and industrial markets. Its manufacturing capabilities support products and systems such as automotive electronics, medical devices and equipment, industrial controls, power-management products and other complex electronic assemblies.

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