Dynamic Technology Lab Private Ltd Reduces Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Dynamic Technology Lab Private Ltd decreased its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 41.0% during the fourth quarter, HoldingsChannel reports. The fund owned 20,959 shares of the electronics maker’s stock after selling 14,574 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Kimball Electronics were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of KE. Point72 DIFC Ltd bought a new stake in Kimball Electronics during the 3rd quarter valued at $25,000. KLP Kapitalforvaltning AS bought a new stake in Kimball Electronics during the 4th quarter valued at $82,000. Point72 Asset Management L.P. bought a new position in shares of Kimball Electronics in the third quarter worth $172,000. SG Americas Securities LLC increased its holdings in shares of Kimball Electronics by 28.9% in the fourth quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 2,528 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Kimball Electronics in the third quarter worth $220,000. Institutional investors own 75.99% of the company’s stock.

Analyst Ratings Changes

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

Kimball Electronics Price Performance

KE stock opened at $14.15 on Thursday. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $24.45. The company has a market cap of $347.45 million, a P/E ratio of 44.22 and a beta of 1.18. The firm has a 50-day moving average of $16.61 and a 200 day moving average of $17.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Kimball Electronics 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.