Knowles (NYSE:KN) Sets New 12-Month Low - What's Next?

Knowles Co. (NYSE:KN - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $12.19 and last traded at $12.77, with a volume of 239794 shares traded. The stock had previously closed at $12.76.

Analyst Ratings Changes

A number of brokerages have weighed in on KN. StockNews.com cut Knowles from a "buy" rating to a "hold" rating in a research note on Tuesday. Craig Hallum upgraded shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a research note on Monday, April 7th.

Knowles Stock Up 0.2 %

The company has a market capitalization of $1.28 billion, a PE ratio of -5.50 and a beta of 1.41. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $16.28 and a two-hundred day simple moving average of $18.00.

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

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Institutional Investors Weigh In On Knowles

A number of hedge funds have recently added to or reduced their stakes in KN. Quadrant Capital Group LLC raised its stake in shares of Knowles by 4.3% during the 4th quarter. Quadrant Capital Group LLC now owns 14,417 shares of the communications equipment provider's stock worth $287,000 after buying an additional 588 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Knowles by 46.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock worth $42,000 after acquiring an additional 669 shares during the period. Versant Capital Management Inc grew its stake in Knowles by 725.6% in the 1st quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider's stock valued at $25,000 after acquiring an additional 1,444 shares during the last quarter. Blue Trust Inc. increased its holdings in Knowles by 72.4% during the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock valued at $69,000 after acquiring an additional 1,449 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Knowles by 2.2% in the third quarter. National Bank of Canada FI now owns 66,201 shares of the communications equipment provider's stock valued at $1,194,000 after purchasing an additional 1,452 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company's stock.

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).