Kimball Electronics (NASDAQ:KE – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.
Several other research analysts have also weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a research report on Tuesday, August 4th. KeyCorp assumed coverage on Kimball Electronics in a research report on Thursday, July 2nd. They set a “sector weight” rating on the stock. Wall Street Zen lowered Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Kimball Electronics in a research note on Monday, October 12th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.00.
Read Our Latest Analysis on KE
Kimball Electronics Price Performance
KE stock opened at $26.16 on Monday. The firm has a market cap of $627.58 million, a price-to-earnings ratio of 23.15, a PEG ratio of 1.04 and a beta of 1.24. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. Kimball Electronics has a 12-month low of $21.01 and a 12-month high of $32.00. The company’s fifty day simple moving average is $25.85 and its 200 day simple moving average is $25.58.
Kimball Electronics (NASDAQ:KE – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The firm had revenue of $371.57 million for the quarter, compared to the consensus estimate of $373.63 million. Kimball Electronics had a net margin of 1.95% and a return on equity of 4.41%. On average, analysts expect that Kimball Electronics will post 1.27 earnings per share for the current year.
Institutional Trading of Kimball Electronics
Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Kimball Electronics during the 2nd quarter valued at $29,000. GAMMA Investing LLC boosted its stake in Kimball Electronics by 36.0% during the third quarter. GAMMA Investing LLC now owns 1,707 shares of the electronics maker’s stock worth $47,000 after acquiring an additional 452 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Kimball Electronics during the second quarter worth $50,000. Quantbot Technologies LP bought a new position in Kimball Electronics during the second quarter worth $55,000. Finally, Parallel Advisors LLC grew its holdings in Kimball Electronics by 122.8% in the first quarter. Parallel Advisors LLC now owns 2,324 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 1,281 shares during the period. Institutional investors own 75.99% of the company’s stock.
Kimball Electronics Company Profile
Kimball Electronics, Inc is a contract manufacturer that provides electronic manufacturing services, engineering support and supply-chain solutions for original equipment manufacturers. The company helps customers design, build, test and manage products ranging from circuit-board assemblies to complete, integrated systems.
Kimball Electronics serves a diverse group of markets, including automotive, medical, industrial and public safety applications. Its capabilities include printed circuit board assembly, box-build and system integration, prototyping, product testing, tooling, automation and other manufacturing services.
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