Kimball Electronics (NASDAQ:KE) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Kimball Electronics (NASDAQ:KE – Get Rating) in a research note released on Thursday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, Lake Street Capital upped their price target on Kimball Electronics from $27.00 to $32.00 in a research report on Wednesday, February 8th.

Kimball Electronics Stock Down 4.0 %

Shares of KE stock traded down $0.90 during trading hours on Thursday, reaching $21.46. 583,578 shares of the company’s stock were exchanged, compared to its average volume of 105,334. The stock’s 50 day moving average is $24.86 and its 200-day moving average is $22.34. The company has a market cap of $530.49 million, a price-to-earnings ratio of 12.26 and a beta of 1.41. The company has a current ratio of 1.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. Kimball Electronics has a fifty-two week low of $16.66 and a fifty-two week high of $28.18.

Kimball Electronics (NASDAQ:KE – Get Rating) last issued its quarterly earnings results on Monday, February 6th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $436.70 million for the quarter. Kimball Electronics had a return on equity of 9.56% and a net margin of 2.77%.

Institutional Investors Weigh In On Kimball Electronics

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its holdings in Kimball Electronics by 4.9% in the fourth quarter. SG Americas Securities LLC now owns 9,206 shares of the electronics maker’s stock valued at $208,000 after purchasing an additional 431 shares during the last quarter. Legal & General Group Plc boosted its holdings in Kimball Electronics by 4.9% in the fourth quarter. Legal & General Group Plc now owns 9,551 shares of the electronics maker’s stock valued at $216,000 after purchasing an additional 446 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Kimball Electronics by 3.3% in the fourth quarter. Alliancebernstein L.P. now owns 15,500 shares of the electronics maker’s stock valued at $350,000 after purchasing an additional 500 shares during the last quarter. Raymond James & Associates boosted its holdings in Kimball Electronics by 2.5% in the fourth quarter. Raymond James & Associates now owns 20,550 shares of the electronics maker’s stock valued at $464,000 after purchasing an additional 503 shares during the last quarter. Finally, Front Street Capital Management Inc. boosted its holdings in Kimball Electronics by 0.3% in the third quarter. Front Street Capital Management Inc. now owns 170,068 shares of the electronics maker’s stock valued at $2,917,000 after purchasing an additional 525 shares during the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Company Profile

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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.