Kimball Electronics (NASDAQ:KE) Upgraded at StockNews.com

Kimball Electronics (NASDAQ:KE) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, Lake Street Capital reduced their price target on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.75.

Kimball Electronics Trading Down 3.4 %

Shares of NASDAQ KE opened at $16.82 on Thursday. The business has a 50 day simple moving average of $18.77 and a 200 day simple moving average of $18.95. Kimball Electronics has a 52 week low of $16.64 and a 52 week high of $24.45. The stock has a market cap of $415.12 million, a price-to-earnings ratio of 32.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. On average, research analysts predict that Kimball Electronics will post 1.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimball Electronics

A number of hedge funds have recently bought and sold shares of KE. Grace & White Inc. NY lifted its position in shares of Kimball Electronics by 38.5% during the 3rd quarter. Grace & White Inc. NY now owns 256,777 shares of the electronics maker’s stock worth $4,753,000 after purchasing an additional 71,400 shares during the last quarter. US Bancorp DE increased its position in Kimball Electronics by 230.0% in the 3rd quarter. US Bancorp DE now owns 64,340 shares of the electronics maker’s stock worth $1,191,000 after buying an additional 44,843 shares during the period. Barclays PLC lifted its holdings in shares of Kimball Electronics by 96.4% during the third quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock worth $1,218,000 after buying an additional 32,271 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Kimball Electronics by 11.0% in the third quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker’s stock valued at $5,620,000 after acquiring an additional 29,993 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its position in Kimball Electronics by 289.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker’s stock worth $658,000 after acquiring an additional 26,402 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.