StockNews.com upgraded shares of Kewaunee Scientific (NASDAQ:KEQU - Free Report) from a hold rating to a buy rating in a report published on Monday morning.
Kewaunee Scientific Stock Up 1.9 %
Shares of NASDAQ KEQU traded up $0.79 during trading hours on Monday, hitting $42.52. 18,809 shares of the stock were exchanged, compared to its average volume of 17,095. Kewaunee Scientific has a 12 month low of $17.01 and a 12 month high of $55.62. The firm has a fifty day moving average price of $35.40 and a 200-day moving average price of $41.94. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.48. The company has a market cap of $122.12 million, a PE ratio of 6.83 and a beta of 0.73.
Kewaunee Scientific (NASDAQ:KEQU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 11th. The technology company reported $0.93 earnings per share for the quarter. Kewaunee Scientific had a return on equity of 25.87% and a net margin of 9.13%. The business had revenue of $48.39 million for the quarter.
Institutional Trading of Kewaunee Scientific
Several large investors have recently made changes to their positions in the business. Barclays PLC purchased a new stake in Kewaunee Scientific in the third quarter valued at $121,000. Heron Bay Capital Management acquired a new position in Kewaunee Scientific in the second quarter valued at approximately $252,000. State Street Corp purchased a new stake in Kewaunee Scientific in the 3rd quarter worth approximately $266,000. Ritholtz Wealth Management grew its stake in shares of Kewaunee Scientific by 24.6% during the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company's stock worth $363,000 after purchasing an additional 2,156 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Kewaunee Scientific by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company's stock valued at $792,000 after purchasing an additional 1,941 shares in the last quarter. 32.69% of the stock is owned by hedge funds and other institutional investors.
About Kewaunee Scientific
(
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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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