Kewaunee Scientific Corporation (NASDAQ:KEQU – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.91 and traded as low as $35.00. Kewaunee Scientific shares last traded at $35.52, with a volume of 4,057 shares.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Kewaunee Scientific in a research report on Tuesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Get Our Latest Research Report on KEQU
Kewaunee Scientific Stock Up 0.6%
Kewaunee Scientific (NASDAQ:KEQU – Get Free Report) last issued its quarterly earnings results on Tuesday, June 23rd. The technology company reported $1.14 earnings per share for the quarter. Kewaunee Scientific had a return on equity of 14.10% and a net margin of 3.41%.The firm had revenue of $71.40 million during the quarter. During the same quarter in the previous year, the business posted $1.95 earnings per share.
Institutional Trading of Kewaunee Scientific
Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in 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 worth $28,000 after acquiring an additional 443 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Kewaunee Scientific by 125.7% in the first quarter. Goldman Sachs Group Inc. now owns 19,397 shares of the technology company’s stock valued at $764,000 after purchasing an additional 10,803 shares in the last quarter. Jane Street Group LLC increased its stake in Kewaunee Scientific by 65.8% in the first quarter. Jane Street Group LLC now owns 8,052 shares of the technology company’s stock valued at $317,000 after purchasing an additional 3,196 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Kewaunee Scientific by 0.9% during the second quarter. Geode Capital Management LLC now owns 24,013 shares of the technology company’s stock valued at $1,410,000 after purchasing an additional 223 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Kewaunee Scientific by 3.4% during the 2nd quarter. First Trust Advisors LP now owns 6,726 shares of the technology company’s stock worth $395,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 32.69% of the company’s stock.
Kewaunee Scientific Company Profile
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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