Kewaunee Scientific (NASDAQ:KEQU) Upgraded by StockNews.com to "Buy" Rating

StockNews.com upgraded shares of Kewaunee Scientific (NASDAQ:KEQU - Free Report) from a hold rating to a buy rating in a report published on Saturday.

Kewaunee Scientific Price Performance

KEQU traded down $0.19 on Friday, reaching $37.90. 6,164 shares of the company's stock were exchanged, compared to its average volume of 17,156. 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 has a market cap of $108.85 million, a PE ratio of 6.08 and a beta of 0.73. The stock's fifty day moving average price is $34.92 and its 200-day moving average price is $41.52. Kewaunee Scientific has a twelve month low of $16.51 and a twelve month high of $55.62.

Kewaunee Scientific (NASDAQ:KEQU - Get Free Report) last posted its earnings results on Wednesday, September 11th. The technology company reported $0.93 earnings per share for the quarter. The company 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%.

Hedge Funds Weigh In On Kewaunee Scientific

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC acquired a new position in shares of Kewaunee Scientific in the 3rd quarter worth approximately $121,000. Heron Bay Capital Management acquired a new position in shares of Kewaunee Scientific in the 2nd quarter worth approximately $252,000. State Street Corp acquired a new position in shares of Kewaunee Scientific in the 3rd quarter worth approximately $266,000. Ritholtz Wealth Management lifted its holdings in shares of Kewaunee Scientific by 24.6% in the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company's stock worth $363,000 after acquiring an additional 2,156 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Kewaunee Scientific by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company's stock worth $792,000 after acquiring an additional 1,941 shares during the last quarter. 32.69% of the stock is currently owned by institutional investors and hedge funds.

About Kewaunee Scientific

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.