Kimball Electronics (NASDAQ:KE – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.
Separately, Lake Street Capital boosted their price target on Kimball Electronics from $27.00 to $32.00 in a research report on Wednesday, February 8th.
Kimball Electronics Stock Performance
NASDAQ KE opened at $22.00 on Tuesday. Kimball Electronics has a 1-year low of $16.72 and a 1-year high of $28.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.87 and a quick ratio of 0.89. The company has a market cap of $543.93 million, a PE ratio of 11.83 and a beta of 1.38. The stock’s 50 day simple moving average is $22.16 and its 200-day simple moving average is $23.24.
Kimball Electronics (NASDAQ:KE – Get Rating) last posted its earnings results on Thursday, May 4th. The electronics maker reported $0.65 earnings per share (EPS) for the quarter. Kimball Electronics had a return on equity of 9.89% and a net margin of 2.74%. The company had revenue of $484.70 million during the quarter.
Institutional Trading of Kimball Electronics
A number of large investors have recently added to or reduced their stakes in the business. Dorsey Wright & Associates bought a new position in Kimball Electronics in the 4th quarter worth $27,000. UBS Group AG boosted its position in shares of Kimball Electronics by 82.3% during the 3rd quarter. UBS Group AG now owns 1,929 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 871 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Kimball Electronics by 75.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,099 shares of the electronics maker’s stock valued at $35,000 after buying an additional 905 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Kimball Electronics by 38.4% in the third quarter. Public Employees Retirement System of Ohio now owns 2,995 shares of the electronics maker’s stock valued at $51,000 after buying an additional 831 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in Kimball Electronics by 24.9% in the first quarter. Advisor Group Holdings Inc. now owns 3,042 shares of the electronics maker’s stock valued at $62,000 after buying an additional 606 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors.
About Kimball Electronics
Kimball Electronics, Inc engages in the provision of engineering, manufacturing and supply of chain services to customers in the automotive, medical, industrial and public safety end markets. It offers the following solutions: design services, rapid prototyping and new product introduction support, production and testing of printed circuit board assemblies, industrialization and automation of manufacturing processes, reliability testing, assembly, production and packaging of other related non-electronic products, supply chain services and complete product life cycle management.