Kewaunee Scientific (NASDAQ:KEQU) Cut to Hold at StockNews.com

StockNews.com cut shares of Kewaunee Scientific (NASDAQ:KEQU) from a buy rating to a hold rating in a report issued on Sunday.

Kewaunee Scientific Stock Performance

Shares of KEQU opened at $42.11 on Friday. Kewaunee Scientific has a one year low of $16.51 and a one year high of $55.62. The company has a 50-day simple moving average of $35.10 and a two-hundred day simple moving average of $41.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.53 and a quick ratio of 2.00. The firm has a market capitalization of $120.86 million, a PE ratio of 6.76 and a beta of 0.73.

Kewaunee Scientific (NASDAQ:KEQU) last released its earnings results on Wednesday, September 11th. The technology company reported $0.93 EPS for the quarter. Kewaunee Scientific had a return on equity of 25.87% and a net margin of 9.13%. The company had revenue of $48.39 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of Kewaunee Scientific by 8.9% during the third quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock valued at $792,000 after purchasing an additional 1,941 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Kewaunee Scientific by 24.6% in the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock worth $363,000 after buying an additional 2,156 shares during the last quarter. Barclays PLC bought a new position in Kewaunee Scientific during the 3rd quarter valued at approximately $121,000. Heron Bay Capital Management purchased a new position in Kewaunee Scientific during the second quarter valued at $252,000. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 in the last quarter. 32.69% of the stock is owned by hedge funds and other institutional investors.

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.