Kimball Electronics (NASDAQ:KE) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Kimball Electronics, Inc. (NASDAQ:KE)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $29.51 and traded as low as $29.43. Kimball Electronics shares last traded at $29.65, with a volume of 144,793 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KE shares. Wall Street Zen cut shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, October 14th. B. Riley reiterated a “buy” rating on shares of Kimball Electronics in a report on Thursday, October 9th. Lake Street Capital increased their price objective on shares of Kimball Electronics from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, Zacks Research lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Kimball Electronics presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Kimball Electronics Price Performance

The company’s fifty day moving average is $29.51 and its 200 day moving average is $22.14. The company has a quick ratio of 1.34, a current ratio of 2.20 and a debt-to-equity ratio of 0.23. The stock has a market cap of $723.16 million, a PE ratio of 44.25 and a beta of 1.23.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.20 by $0.14. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. The firm had revenue of $380.47 million for the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System raised its holdings in Kimball Electronics by 441.6% in the third quarter. New York State Teachers Retirement System now owns 2,199 shares of the electronics maker’s stock valued at $66,000 after buying an additional 1,793 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Kimball Electronics during the third quarter valued at approximately $31,000. Cardinal Capital Management raised its stake in shares of Kimball Electronics by 5.6% during the third quarter. Cardinal Capital Management now owns 106,198 shares of the electronics maker’s stock valued at $3,171,000 after purchasing an additional 5,640 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Kimball Electronics during the third quarter valued at approximately $238,000. Finally, Inspire Investing LLC raised its stake in shares of Kimball Electronics by 133.7% during the third quarter. Inspire Investing LLC now owns 47,426 shares of the electronics maker’s stock valued at $1,416,000 after purchasing an additional 27,136 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.

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.