Kimball Electronics (NASDAQ:KE) Stock Rating Upgraded by StockNews.com

Kimball Electronics (NASDAQ:KE - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.

Separately, Lake Street Capital reduced their target price on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Kimball Electronics has a consensus rating of "Moderate Buy" and a consensus price target of $22.75.

Kimball Electronics Price Performance

NASDAQ KE traded down $0.27 during trading hours on Thursday, hitting $16.55. The company had a trading volume of 132,358 shares, compared to its average volume of 115,623. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28. The firm has a market capitalization of $408.45 million, a price-to-earnings ratio of 51.72 and a beta of 1.24. Kimball Electronics has a 52 week low of $16.54 and a 52 week high of $24.45. The firm has a 50 day simple moving average of $18.71 and a 200 day simple moving average of $18.84.

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 5.47%. Equities research analysts expect that Kimball Electronics will post 1.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KE. Point72 DIFC Ltd bought a new stake in shares of Kimball Electronics in the 3rd quarter worth approximately $25,000. nVerses Capital LLC purchased a new position in Kimball Electronics in the third quarter worth about $48,000. Quest Partners LLC bought a new stake in shares of Kimball Electronics during the 3rd quarter worth approximately $61,000. SG Americas Securities LLC increased its holdings in Kimball Electronics by 78.5% during the 3rd quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker's stock worth $162,000 after purchasing an additional 3,849 shares during the period. Finally, Quantbot Technologies LP lifted its stake in Kimball Electronics by 995.9% in the third quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker's stock worth $167,000 after acquiring an additional 8,196 shares during the period. 75.99% of the stock is owned by hedge funds and other institutional investors.

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.