Knowles (NYSE:KN) Reaches New 1-Year Low – Here’s Why

Knowles Co. (NYSE:KN) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $14.95 and last traded at $15.15, with a volume of 67773 shares changing hands. The stock had previously closed at $15.35.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Knowles from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Craig Hallum cut shares of Knowles from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a report on Friday, February 14th.

Knowles Stock Down 0.3 %

The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.33 billion, a PE ratio of -5.72 and a beta of 1.42. The firm has a fifty day moving average of $17.35 and a 200 day moving average of $18.26.

Knowles (NYSE:KN) last released its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $142.50 million during the quarter. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%.

Institutional Trading of Knowles

Several institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Knowles in the 4th quarter valued at $28,798,000. Raymond James Financial Inc. acquired a new position in Knowles in the fourth quarter valued at $16,297,000. Wellington Management Group LLP grew its holdings in shares of Knowles by 33.1% during the third quarter. Wellington Management Group LLP now owns 2,392,668 shares of the communications equipment provider’s stock worth $43,140,000 after purchasing an additional 594,484 shares during the last quarter. Norges Bank acquired a new stake in shares of Knowles during the fourth quarter worth about $7,983,000. Finally, Royce & Associates LP lifted its holdings in shares of Knowles by 40.8% in the 4th quarter. Royce & Associates LP now owns 1,225,524 shares of the communications equipment provider’s stock valued at $24,425,000 after purchasing an additional 355,401 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

About Knowles

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).