Short Interest in Kimball Electronics, Inc. (NASDAQ:KE) Increases By 20.2%

Kimball Electronics, Inc. (NASDAQ:KE) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 497,000 shares, a growth of 20.2% from the January 31st total of 413,500 shares. Based on an average daily trading volume, of 123,400 shares, the short-interest ratio is presently 4.0 days. Approximately 2.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KE. Lake Street Capital decreased their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. StockNews.com raised Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimball Electronics currently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

Kimball Electronics Stock Performance

Shares of KE traded up $0.07 during trading hours on Friday, hitting $16.65. The company’s stock had a trading volume of 13,842 shares, compared to its average volume of 126,672. The business has a 50 day simple moving average of $18.09 and a two-hundred day simple moving average of $18.38. Kimball Electronics has a 52-week low of $16.10 and a 52-week high of $24.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. The company has a market cap of $408.72 million, a price-to-earnings ratio of 52.06 and a beta of 1.24.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. On average, equities analysts expect that Kimball Electronics will post 0.89 earnings per share for the current fiscal year.

Institutional Trading of Kimball Electronics

A number of hedge funds and other institutional investors have recently made changes to their positions in KE. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Kimball Electronics in the 4th quarter worth about $1,135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kimball Electronics by 17.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 112,200 shares of the electronics maker’s stock valued at $2,102,000 after acquiring an additional 16,674 shares in the last quarter. Two Sigma Advisers LP grew its stake in Kimball Electronics by 116.8% during the fourth quarter. Two Sigma Advisers LP now owns 78,700 shares of the electronics maker’s stock valued at $1,474,000 after acquiring an additional 42,400 shares in the last quarter. Two Sigma Investments LP grew its stake in Kimball Electronics by 37.2% during the fourth quarter. Two Sigma Investments LP now owns 85,364 shares of the electronics maker’s stock valued at $1,599,000 after acquiring an additional 23,168 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC increased its holdings in Kimball Electronics by 8.2% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,006 shares of the electronics maker’s stock worth $375,000 after acquiring an additional 1,516 shares during the period. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.