Kimball Electronics Inc (NASDAQ:KE) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports.
Zacks has also assigned Kimball Electronics an industry rank of 172 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on KE shares. Zacks Investment Research cut Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 4th. TheStreet downgraded Kimball Electronics from a “b-” rating to a “c+” rating in a report on Thursday, January 26th.
Shares of Kimball Electronics (NASDAQ:KE) traded up 1.632% during mid-day trading on Friday, hitting $17.125. 117,220 shares of the stock traded hands. The stock has a market cap of $468.03 million, a price-to-earnings ratio of 15.611 and a beta of 1.10. Kimball Electronics has a 52 week low of $9.98 and a 52 week high of $19.00. The firm’s 50-day moving average is $16.09 and its 200-day moving average is $16.36.
Kimball Electronics (NASDAQ:KE) last released its earnings results on Wednesday, February 1st. The electronics maker reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. Kimball Electronics had a return on equity of 8.51% and a net margin of 3.50%. The firm had revenue of $230 million for the quarter, compared to analysts’ expectations of $223.40 million. On average, analysts forecast that Kimball Electronics will post $0.93 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP increased its position in shares of Kimball Electronics by 40.4% in the third quarter. First Trust Advisors LP now owns 15,488 shares of the electronics maker’s stock worth $215,000 after buying an additional 4,459 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Kimball Electronics during the fourth quarter worth about $284,000. SG Americas Securities LLC purchased a new position in Kimball Electronics during the third quarter worth $241,000. Citadel Advisors LLC purchased a new position in Kimball Electronics during the third quarter worth $366,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Kimball Electronics during the fourth quarter worth $515,000. 55.13% of the stock is currently owned by hedge funds and other institutional investors.
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About Kimball Electronics
Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.
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