Kimball Electronics (NASDAQ:KE) Reaches New 12-Month Low at $19.62

Kimball Electronics, Inc. (NASDAQ:KE)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $19.62 and last traded at $21.14, with a volume of 35328 shares changing hands. The stock had previously closed at $22.16.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald lowered their price objective on Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, February 7th. B. Riley decreased their price target on shares of Kimball Electronics from $39.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, February 7th.

Kimball Electronics Stock Performance

The stock has a 50 day moving average price of $21.23 and a two-hundred day moving average price of $23.37. The company has a market cap of $555.32 million, a price-to-earnings ratio of 10.29 and a beta of 1.31. The company has a current ratio of 1.97, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Monday, February 5th. The electronics maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.04). Kimball Electronics had a return on equity of 10.37% and a net margin of 2.97%. The business had revenue of $421.24 million for the quarter, compared to the consensus estimate of $435.60 million. Analysts predict that Kimball Electronics, Inc. will post 1.6 EPS for the current year.

Hedge Funds Weigh In On Kimball Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE raised its stake in shares of Kimball Electronics by 239.4% during the first quarter. US Bancorp DE now owns 19,497 shares of the electronics maker’s stock worth $422,000 after acquiring an additional 13,752 shares in the last quarter. Empowered Funds LLC boosted its stake in Kimball Electronics by 70.2% during the first quarter. Empowered Funds LLC now owns 54,864 shares of the electronics maker’s stock worth $1,188,000 after acquiring an additional 22,625 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Kimball Electronics by 17.6% during the 1st quarter. BNP Paribas Financial Markets now owns 25,923 shares of the electronics maker’s stock valued at $561,000 after purchasing an additional 3,873 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Kimball Electronics in the first quarter worth approximately $364,000. Finally, Grace & White Inc. NY grew its stake in shares of Kimball Electronics by 30.0% during the 1st quarter. Grace & White Inc. NY now owns 185,377 shares of the electronics maker’s stock valued at $4,013,000 after purchasing an additional 42,739 shares during the period. 75.99% of the stock is currently owned by institutional investors and hedge funds.

About Kimball Electronics

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.