Kimball Electronics (NASDAQ:KE) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Kimball Electronics, Inc. (NASDAQ:KE) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $19.07 and traded as high as $19.32. Kimball Electronics shares last traded at $19.29, with a volume of 85,676 shares.

Kimball Electronics Stock Performance

The firm has a market cap of $464.48 million, a price-to-earnings ratio of 36.90 and a beta of 1.25. The company has a current ratio of 2.28, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $19.08 and its 200 day moving average is $19.65.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Monday, November 4th. The electronics maker reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $374.26 million for the quarter, compared to the consensus estimate of $376.70 million. Kimball Electronics had a return on equity of 5.63% and a net margin of 0.78%. During the same quarter in the prior year, the business earned $0.43 earnings per share. Analysts anticipate that Kimball Electronics, Inc. will post 0.96 earnings per share for the current year.

Institutional Trading of Kimball Electronics

Institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd bought a new stake in shares of Kimball Electronics during the third quarter worth about $25,000. nVerses Capital LLC bought a new position in shares of Kimball Electronics during the third quarter valued at $48,000. Quest Partners LLC bought a new position in Kimball Electronics during the 3rd quarter worth $61,000. SG Americas Securities LLC lifted its holdings in Kimball Electronics by 78.5% during the 3rd quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker’s stock worth $162,000 after buying an additional 3,849 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Kimball Electronics by 995.9% in the third quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock valued at $167,000 after buying an additional 8,196 shares during the period. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.