Kewaunee Scientific (NASDAQ:KEQU) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Kewaunee Scientific Corporation (NASDAQ:KEQU)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.31 and traded as high as $41.20. Kewaunee Scientific shares last traded at $41.20, with a volume of 4,041 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kewaunee Scientific in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Kewaunee Scientific Trading Down 3.0%

The business’s 50-day moving average price is $36.05 and its two-hundred day moving average price is $38.31. The firm has a market cap of $114.71 million, a price-to-earnings ratio of 10.74 and a beta of 0.69. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.12 and a quick ratio of 1.45.

Institutional Investors Weigh In On Kewaunee Scientific

A number of institutional investors have recently bought and sold shares of KEQU. Bank of America Corp DE grew its holdings in Kewaunee Scientific by 2,605.9% in the fourth quarter. Bank of America Corp DE now owns 460 shares of the technology company’s stock valued at $28,000 after purchasing an additional 443 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Kewaunee Scientific in the third quarter valued at approximately $38,000. US Bancorp DE grew its holdings in Kewaunee Scientific by 80.0% in the third quarter. US Bancorp DE now owns 900 shares of the technology company’s stock valued at $38,000 after purchasing an additional 400 shares during the period. Raymond James Financial Inc. purchased a new stake in Kewaunee Scientific in the second quarter valued at approximately $60,000. Finally, Barclays PLC purchased a new stake in Kewaunee Scientific in the fourth quarter valued at approximately $92,000. 32.69% of the stock is currently owned by hedge funds and other institutional investors.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation (NASDAQ:KEQU) is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.

The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.