Kewaunee Scientific (NASDAQ:KEQU – Get Free Report) issued its quarterly earnings results on Tuesday. The technology company reported $1.14 earnings per share for the quarter, Zacks reports. The firm had revenue of $71.40 million during the quarter. Kewaunee Scientific had a return on equity of 18.09% and a net margin of 3.85%.During the same quarter in the previous year, the business earned $1.95 earnings per share.
Kewaunee Scientific Price Performance
Shares of NASDAQ KEQU opened at $35.28 on Wednesday. The firm has a market cap of $101.11 million, a P/E ratio of 9.48 and a beta of 0.70. Kewaunee Scientific has a twelve month low of $33.70 and a twelve month high of $60.89. The company has a quick ratio of 1.45, a current ratio of 2.12 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average of $37.71 and a 200 day moving average of $38.07.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its position in shares of Kewaunee Scientific by 2,605.9% during the fourth quarter. Bank of America Corp DE now owns 460 shares of the technology company’s stock valued at $28,000 after buying an additional 443 shares during the last quarter. US Bancorp DE raised its position in Kewaunee Scientific by 80.0% in the 3rd quarter. US Bancorp DE now owns 900 shares of the technology company’s stock worth $38,000 after buying an additional 400 shares during the last quarter. Raymond James Financial Inc. bought a new position in Kewaunee Scientific during the 2nd quarter valued at about $60,000. Barclays PLC bought a new position in Kewaunee Scientific during the 4th quarter valued at about $92,000. Finally, Mink Brook Asset Management LLC purchased a new stake in shares of Kewaunee Scientific during the 2nd quarter valued at about $370,000. 32.69% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Kewaunee Scientific
About Kewaunee Scientific
Kewaunee Scientific Corporation (NASDAQ:KEQU) is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.
The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.
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