Kimball Electronics, Inc. (NASDAQ:KE) Short Interest Down 14.7% in January

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 413,500 shares, a drop of 14.7% from the January 15th total of 484,700 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 121,200 shares, the short-interest ratio is presently 3.4 days.

Wall Street Analyst Weigh In

KE has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Kimball Electronics from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Lake Street Capital reduced their target price on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.75.

Institutional Investors Weigh In On Kimball Electronics

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Kimball Electronics by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker's stock valued at $36,440,000 after purchasing an additional 92,166 shares during the last quarter. Geode Capital Management LLC lifted its position in Kimball Electronics by 0.7% during the third quarter. Geode Capital Management LLC now owns 577,229 shares of the electronics maker's stock valued at $10,686,000 after purchasing an additional 4,044 shares during the last quarter. State Street Corp lifted its position in Kimball Electronics by 1.4% during the third quarter. State Street Corp now owns 565,069 shares of the electronics maker's stock valued at $10,459,000 after purchasing an additional 7,864 shares during the last quarter. American Century Companies Inc. lifted its position in Kimball Electronics by 13.0% during the fourth quarter. American Century Companies Inc. now owns 489,896 shares of the electronics maker's stock valued at $9,176,000 after purchasing an additional 56,175 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its position in Kimball Electronics by 14.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 357,300 shares of the electronics maker's stock valued at $6,692,000 after purchasing an additional 44,840 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Price Performance

Shares of KE stock traded up $0.27 during trading hours on Thursday, reaching $18.06. The stock had a trading volume of 147,681 shares, compared to its average volume of 119,536. The stock's fifty day simple moving average is $18.34 and its 200 day simple moving average is $18.53. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. Kimball Electronics has a 12 month low of $16.36 and a 12 month high of $24.45. The firm has a market capitalization of $443.55 million, a PE ratio of 56.44 and a beta of 1.24.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. On average, equities research analysts predict that Kimball Electronics will post 0.89 EPS for the current year.

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.