Kimball Electronics (KE) Downgraded by TheStreet

TheStreet lowered shares of Kimball Electronics (NASDAQ:KE) from a b rating to a c+ rating in a report released on Wednesday morning.

Separately, BidaskClub raised Kimball Electronics from a sell rating to a hold rating in a report on Friday, October 5th.

NASDAQ:KE opened at $17.93 on Wednesday. Kimball Electronics has a 52-week low of $15.75 and a 52-week high of $21.15. The firm has a market cap of $504.85 million, a price-to-earnings ratio of 16.23 and a beta of 1.04.

Several institutional investors have recently modified their holdings of the business. Foundry Partners LLC raised its position in shares of Kimball Electronics by 1.5% during the 2nd quarter. Foundry Partners LLC now owns 233,975 shares of the electronics maker’s stock valued at $4,282,000 after acquiring an additional 3,525 shares during the last quarter. Strs Ohio raised its position in shares of Kimball Electronics by 9.9% during the 2nd quarter. Strs Ohio now owns 40,100 shares of the electronics maker’s stock valued at $733,000 after acquiring an additional 3,600 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Kimball Electronics by 7.0% during the 1st quarter. California Public Employees Retirement System now owns 62,940 shares of the electronics maker’s stock valued at $1,016,000 after acquiring an additional 4,140 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Kimball Electronics by 6.7% during the 3rd quarter. Wells Fargo & Company MN now owns 68,586 shares of the electronics maker’s stock valued at $1,349,000 after acquiring an additional 4,320 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Kimball Electronics by 18.0% during the 2nd quarter. First Trust Advisors LP now owns 30,252 shares of the electronics maker’s stock valued at $554,000 after acquiring an additional 4,611 shares during the last quarter. Institutional investors own 60.02% of the company’s stock.

Kimball Electronics Company Profile

Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing various electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.

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