Lake Street Capital Has Lowered Expectations for Kimball Electronics (NASDAQ:KE) Stock Price

Kimball Electronics (NASDAQ:KE - Free Report) had its price objective cut by Lake Street Capital from $23.00 to $21.00 in a research report released on Thursday morning,Benzinga reports. They currently have a buy rating on the electronics maker's stock.

Kimball Electronics Price Performance

Shares of KE traded down $0.27 during mid-day trading on Thursday, reaching $16.55. The company had a trading volume of 132,901 shares, compared to its average volume of 117,669. The company has a market capitalization of $408.45 million, a price-to-earnings ratio of 51.72 and a beta of 1.24. 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 company's 50 day simple moving average is $18.71 and its 200 day simple moving average is $18.84. Kimball Electronics has a 1-year low of $16.54 and a 1-year high of $24.45.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.47% and a net margin of 0.51%. Analysts expect that Kimball Electronics will post 1.02 EPS for the current year.

Institutional Investors Weigh In On Kimball Electronics

Several institutional investors and hedge funds have recently made changes to their positions in KE. Geode Capital Management LLC increased its stake in Kimball Electronics by 0.7% in 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 in the last quarter. State Street Corp grew its stake in shares of Kimball Electronics by 1.4% in the 3rd quarter. State Street Corp now owns 565,069 shares of the electronics maker's stock valued at $10,459,000 after buying an additional 7,864 shares during the period. Assenagon Asset Management S.A. increased its position in Kimball Electronics by 11.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker's stock valued at $5,620,000 after buying an additional 29,993 shares in the last quarter. Grace & White Inc. NY raised its stake in Kimball Electronics by 5.5% during the 4th quarter. Grace & White Inc. NY now owns 270,877 shares of the electronics maker's stock worth $5,074,000 after buying an additional 14,100 shares during the period. Finally, Foundry Partners LLC boosted its holdings in Kimball Electronics by 1.0% in the third quarter. Foundry Partners LLC now owns 219,055 shares of the electronics maker's stock worth $4,055,000 after acquiring an additional 2,100 shares in the last quarter. 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.