Knowles (NYSE:KN) Sets New 52-Week Low - What's Next?

Shares of Knowles Co. (NYSE:KN - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $14.95 and last traded at $15.15, with a volume of 67773 shares changing hands. The stock had previously closed at $15.35.

Analyst Ratings Changes

A number of equities analysts have recently commented on KN shares. Craig Hallum cut Knowles from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a report on Friday, February 14th. StockNews.com raised Knowles from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.

Knowles Stock Down 5.4 %

The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23. The firm's fifty day moving average price is $17.11 and its 200-day moving average price is $18.20.

Knowles (NYSE:KN - Get Free Report) last issued its earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%. The firm had revenue of $142.50 million during the quarter.

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Institutional Investors Weigh In On Knowles

A number of institutional investors have recently added to or reduced their stakes in KN. Versant Capital Management Inc lifted its holdings in shares of Knowles by 725.6% during the first quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 1,444 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Knowles by 46.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock worth $42,000 after buying an additional 669 shares during the period. Sterling Capital Management LLC grew its position in shares of Knowles by 835.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider's stock valued at $55,000 after buying an additional 2,448 shares during the last quarter. Blue Trust Inc. grew its position in shares of Knowles by 72.4% in the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock valued at $69,000 after buying an additional 1,449 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Knowles by 66.6% in the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock valued at $97,000 after buying an additional 1,947 shares during the period. 96.35% of the stock is owned by institutional investors.

About Knowles

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).