Kewaunee Scientific (NASDAQ:KEQU) Rating Increased to Strong-Buy at StockNews.com

Kewaunee Scientific (NASDAQ:KEQU) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Kewaunee Scientific Stock Up 2.6 %

Shares of Kewaunee Scientific stock opened at $48.98 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.28 and a debt-to-equity ratio of 0.61. Kewaunee Scientific has a twelve month low of $15.12 and a twelve month high of $55.62. The company has a market cap of $139.10 million, a price-to-earnings ratio of 7.71 and a beta of 0.77. The company’s 50 day moving average is $46.10 and its 200 day moving average is $38.37.

Kewaunee Scientific (NASDAQ:KEQU) last released its quarterly earnings results on Wednesday, June 26th. The technology company reported $1.55 EPS for the quarter. The firm had revenue of $56.70 million during the quarter. Kewaunee Scientific had a net margin of 9.20% and a return on equity of 28.58%.

Institutional Investors Weigh In On Kewaunee Scientific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEQU. Heron Bay Capital Management bought a new stake in shares of Kewaunee Scientific during the 2nd quarter valued at $252,000. Renaissance Technologies LLC lifted its position in shares of Kewaunee Scientific by 13.4% in the second quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock valued at $4,230,000 after acquiring an additional 10,580 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Kewaunee Scientific by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after acquiring an additional 6,132 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in shares of Kewaunee Scientific during the second quarter worth about $413,000. Institutional investors own 32.69% of the company’s stock.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.