Kimball Electronics (NASDAQ:KE) Stock Price Passes Above Fifty Day Moving Average - Time to Sell?

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $19.07 and traded as high as $19.32. Kimball Electronics shares last traded at $19.29, with a volume of 85,676 shares.

Kimball Electronics Stock Performance

The company has a current ratio of 2.28, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. The company has a market cap of $464.48 million, a P/E ratio of 36.90 and a beta of 1.25. The business's 50 day simple moving average is $19.08 and its 200 day simple moving average is $19.65.

Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. Kimball Electronics had a return on equity of 5.63% and a net margin of 0.78%. The business had revenue of $374.26 million during the quarter, compared to analyst estimates of $376.70 million. During the same quarter in the prior year, the business posted $0.43 EPS. Sell-side analysts predict that Kimball Electronics, Inc. will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in shares of Kimball Electronics by 66.1% in the second quarter. AQR Capital Management LLC now owns 235,844 shares of the electronics maker's stock valued at $5,184,000 after purchasing an additional 93,831 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Kimball Electronics by 67.0% in the 2nd quarter. Donald Smith & CO. Inc. now owns 207,604 shares of the electronics maker's stock worth $4,563,000 after buying an additional 83,317 shares in the last quarter. Grace & White Inc. NY grew its stake in shares of Kimball Electronics by 38.5% in the 3rd quarter. Grace & White Inc. NY now owns 256,777 shares of the electronics maker's stock worth $4,753,000 after buying an additional 71,400 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Kimball Electronics by 39.7% in the 2nd quarter. American Century Companies Inc. now owns 198,560 shares of the electronics maker's stock worth $4,364,000 after buying an additional 56,468 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Kimball Electronics by 230.0% during the 3rd quarter. US Bancorp DE now owns 64,340 shares of the electronics maker's stock valued at $1,191,000 after buying an additional 44,843 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.

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.