Kimball Electronics (NASDAQ:KE) Sees Strong Trading Volume

Kimball Electronics, Inc. (NASDAQ:KEGet Rating) shares saw strong trading volume on Thursday . 7,855 shares were traded during mid-day trading, a decline of 91% from the previous session’s volume of 87,955 shares.The stock last traded at $20.61 and had previously closed at $20.99.

A number of analysts have recently weighed in on the company. StockNews.com assumed coverage on Kimball Electronics in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Lake Street Capital began coverage on Kimball Electronics in a research report on Wednesday, May 11th. They set a “buy” rating and a $27.00 price target for the company.

The company has a 50 day simple moving average of $18.67 and a 200 day simple moving average of $19.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.94 and a current ratio of 1.84. The company has a market capitalization of $511.91 million, a PE ratio of 14.89 and a beta of 1.45.

Kimball Electronics (NASDAQ:KEGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The electronics maker reported $0.54 EPS for the quarter. The company had revenue of $368.06 million during the quarter. Kimball Electronics had a return on equity of 7.86% and a net margin of 2.74%.

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in Kimball Electronics by 1,326.2% in the fourth quarter. Bank of America Corp DE now owns 376,380 shares of the electronics maker’s stock valued at $8,191,000 after acquiring an additional 349,990 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in Kimball Electronics by 179.1% in the first quarter. Donald Smith & CO. Inc. now owns 308,310 shares of the electronics maker’s stock valued at $6,163,000 after acquiring an additional 197,841 shares during the last quarter. Earnest Partners LLC lifted its holdings in Kimball Electronics by 43.9% in the first quarter. Earnest Partners LLC now owns 595,373 shares of the electronics maker’s stock valued at $11,902,000 after acquiring an additional 181,737 shares during the last quarter. Oxford Financial Group Ltd. acquired a new position in Kimball Electronics in the fourth quarter valued at approximately $3,402,000. Finally, LSV Asset Management lifted its holdings in Kimball Electronics by 19.2% in the fourth quarter. LSV Asset Management now owns 858,206 shares of the electronics maker’s stock valued at $18,675,000 after acquiring an additional 138,236 shares during the last quarter. Institutional investors and hedge funds own 68.49% of the company’s stock.

Kimball Electronics Company Profile (NASDAQ:KE)

Kimball Electronics, Inc provides contract electronics manufacturing services and diversified manufacturing services to customers in the automotive, medical, industrial, and public safety end markets. The company's manufacturing services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.

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