Kimball Electronics (NASDAQ:KE) Sees Strong Trading Volume – Should You Buy?

Kimball Electronics, Inc. (NASDAQ:KE) shares saw unusually-high trading volume on Wednesday . Approximately 243,594 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 157,374 shares.The stock last traded at $26.3870 and had previously closed at $25.59.

Analyst Upgrades and Downgrades

KE has been the topic of several research reports. Weiss Ratings raised Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Zacks Research downgraded Kimball Electronics from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Kimball Electronics Stock Performance

The company has a current ratio of 2.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $25.39 and a 200-day moving average of $26.87. The stock has a market capitalization of $631.02 million, a price-to-earnings ratio of 25.22, a P/E/G ratio of 0.92 and a beta of 1.25.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. The firm had revenue of $352.92 million during the quarter, compared to analyst estimates of $356.27 million. As a group, sell-side analysts predict that Kimball Electronics, Inc. will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Kimball Electronics

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in Kimball Electronics in the third quarter valued at $28,000. Raymond James Financial Inc. purchased a new stake in Kimball Electronics in the second quarter valued at $34,000. Farther Finance Advisors LLC purchased a new stake in Kimball Electronics in the fourth quarter valued at $35,000. CWM LLC boosted its holdings in Kimball Electronics by 135.2% in the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 715 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Kimball Electronics in the fourth quarter valued at $38,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.