Kimball Electronics (NASDAQ:KE) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Kimball Electronics (NASDAQ:KE) from a sell rating to a hold rating in a research report report published on Tuesday, BidAskClub reports.

NASDAQ:KE opened at $15.49 on Tuesday. The business’s 50-day moving average price is $15.26. The firm has a market capitalization of $393.74 million, a price-to-earnings ratio of 13.02 and a beta of 1.02. Kimball Electronics has a 52-week low of $13.51 and a 52-week high of $20.90. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.25.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, May 7th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $313.45 million for the quarter. Kimball Electronics had a return on equity of 8.67% and a net margin of 2.62%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc boosted its position in Kimball Electronics by 15.9% during the 4th quarter. Legal & General Group Plc now owns 4,746 shares of the electronics maker’s stock worth $73,000 after acquiring an additional 652 shares during the period. Citigroup Inc. boosted its position in Kimball Electronics by 18.4% during the 4th quarter. Citigroup Inc. now owns 8,215 shares of the electronics maker’s stock worth $127,000 after acquiring an additional 1,279 shares during the period. Valeo Financial Advisors LLC boosted its position in Kimball Electronics by 0.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 215,529 shares of the electronics maker’s stock worth $3,500,000 after acquiring an additional 1,505 shares during the period. Brandywine Global Investment Management LLC boosted its position in Kimball Electronics by 19.0% during the 4th quarter. Brandywine Global Investment Management LLC now owns 13,960 shares of the electronics maker’s stock worth $217,000 after acquiring an additional 2,230 shares during the period. Finally, First Interstate Bank acquired a new stake in Kimball Electronics during the 1st quarter worth about $40,000. 61.28% of the stock is currently owned by hedge funds and other institutional investors.

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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