Kimball Electronics (NASDAQ:KE) Downgraded by Sidoti

Kimball Electronics (NASDAQ:KE) was downgraded by Sidoti from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, Briefing.com reports.

Kimball Electronics Stock Down 10.6 %

Shares of NASDAQ:KE opened at $18.28 on Thursday. The stock has a fifty day simple moving average of $21.98 and a two-hundred day simple moving average of $21.83. The stock has a market capitalization of $454.61 million, a price-to-earnings ratio of 14.28 and a beta of 1.30. Kimball Electronics has a 12-month low of $17.29 and a 12-month high of $31.43. The company has a current ratio of 2.03, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Kimball Electronics by 45.9% in the 1st quarter. Vanguard Group Inc. now owns 1,808,516 shares of the electronics maker’s stock worth $39,154,000 after purchasing an additional 569,015 shares in the last quarter. Sapient Capital LLC bought a new stake in shares of Kimball Electronics in the 4th quarter worth $8,761,000. Larson Financial Group LLC grew its holdings in shares of Kimball Electronics by 272.5% in the fourth quarter. Larson Financial Group LLC now owns 404,571 shares of the electronics maker’s stock worth $10,903,000 after acquiring an additional 295,951 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Kimball Electronics by 80.9% in the second quarter. Assenagon Asset Management S.A. now owns 273,636 shares of the electronics maker’s stock worth $6,015,000 after acquiring an additional 122,336 shares during the period. Finally, Oxford Financial Group LTD. LLC grew its holdings in shares of Kimball Electronics by 35.4% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 463,536 shares of the electronics maker’s stock worth $12,492,000 after acquiring an additional 121,076 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.

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.