StockNews.com downgraded shares of Kewaunee Scientific (NASDAQ:KEQU - Free Report) from a buy rating to a hold rating in a report issued on Tuesday morning.
Kewaunee Scientific Price Performance
Shares of KEQU stock traded up $0.39 during trading hours on Tuesday, hitting $41.22. 18,743 shares of the company's stock were exchanged, compared to its average volume of 16,953. Kewaunee Scientific has a 52 week low of $22.10 and a 52 week high of $55.62. The stock has a market cap of $118.38 million, a price-to-earnings ratio of 6.62 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.53 and a quick ratio of 2.00. The stock's 50-day moving average is $36.51 and its 200-day moving average is $41.96.
Kewaunee Scientific (NASDAQ:KEQU - Get Free Report) last issued its quarterly earnings data on Wednesday, September 11th. The technology company reported $0.93 EPS for the quarter. The firm had revenue of $48.39 million for the quarter. Kewaunee Scientific had a net margin of 9.13% and a return on equity of 25.87%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of KEQU. Ritholtz Wealth Management acquired a new position in Kewaunee Scientific during the 2nd quarter valued at about $413,000. Heron Bay Capital Management bought a new stake in shares of Kewaunee Scientific during the second quarter worth approximately $252,000. Renaissance Technologies LLC lifted its holdings in Kewaunee Scientific by 13.4% in the second quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company's stock valued at $4,230,000 after buying an additional 10,580 shares during the period. De Lisle Partners LLP boosted its stake in Kewaunee Scientific by 36.6% in the third quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company's stock valued at $1,446,000 after acquiring an additional 11,511 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Kewaunee Scientific by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company's stock worth $8,378,000 after acquiring an additional 6,132 shares during the period. Institutional investors own 32.69% of the company's stock.
About Kewaunee Scientific
(
Get Free Report)
Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.
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