Kewaunee Scientific (NASDAQ:KEQU - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Friday.
Kewaunee Scientific Price Performance
Shares of KEQU stock traded up $0.62 on Friday, hitting $37.71. 9,075 shares of the stock traded hands, compared to its average volume of 17,163. The firm has a market cap of $108.30 million, a price-to-earnings ratio of 6.05 and a beta of 0.73. 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 firm has a 50 day simple moving average of $36.38 and a two-hundred day simple moving average of $41.45. Kewaunee Scientific has a 52 week low of $16.51 and a 52 week high of $55.62.
Kewaunee Scientific (NASDAQ:KEQU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 11th. The technology company reported $0.93 EPS for the quarter. The business had revenue of $48.39 million for the quarter. Kewaunee Scientific had a return on equity of 25.87% and a net margin of 9.13%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEQU. Heron Bay Capital Management bought a new position in shares of Kewaunee Scientific during the 2nd quarter valued at about $252,000. Ritholtz Wealth Management boosted its stake in Kewaunee Scientific by 24.6% during the third quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company's stock valued at $363,000 after buying an additional 2,156 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Kewaunee Scientific by 13.4% during the 2nd 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Kewaunee Scientific by 3.6% in 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 last quarter. 32.69% of the stock is currently owned by institutional investors.
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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