Kimball Electronics, Inc. (NASDAQ:KE) Given Average Recommendation of “Moderate Buy” by Brokerages

Kimball Electronics, Inc. (NASDAQ:KE) has earned an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $22.75.

KE has been the topic of several research analyst reports. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Lake Street Capital lowered their target price on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th.

Kimball Electronics Stock Up 0.1 %

Kimball Electronics stock opened at $13.19 on Tuesday. 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’s 50-day moving average is $15.99 and its 200-day moving average is $17.74. The firm has a market capitalization of $323.88 million, a PE ratio of 41.22 and a beta of 1.18. Kimball Electronics has a fifty-two week low of $12.41 and a fifty-two week high of $24.45.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Sell-side analysts anticipate that Kimball Electronics will post 0.89 earnings per share for the current year.

Institutional Trading of Kimball Electronics

Several large investors have recently modified their holdings of the stock. Cardinal Capital Management raised its position in Kimball Electronics by 7.2% during the first quarter. Cardinal Capital Management now owns 98,916 shares of the electronics maker’s stock valued at $1,627,000 after purchasing an additional 6,653 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Kimball Electronics by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 36,888 shares of the electronics maker’s stock worth $607,000 after buying an additional 791 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Kimball Electronics by 3,256.0% during the 1st quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker’s stock worth $69,000 after buying an additional 4,070 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Kimball Electronics in the fourth quarter valued at about $1,135,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Kimball Electronics by 17.5% in 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 during the last quarter. 75.99% of the stock is owned by institutional investors and hedge funds.

About Kimball Electronics

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.