Kimball Electronics (KE) Earns Media Impact Rating of 0.08
Media coverage about Kimball Electronics (NASDAQ:KE) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Kimball Electronics earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the electronics maker an impact score of 46.0712654142549 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities research analysts have commented on the company. BidaskClub lowered Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. ValuEngine lowered Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.
Shares of Kimball Electronics (KE) traded down $0.15 during trading hours on Friday, hitting $20.15. The stock had a trading volume of 50,248 shares, compared to its average volume of 64,471. Kimball Electronics has a 52-week low of $15.05 and a 52-week high of $22.45. The stock has a market cap of $540.80, a price-to-earnings ratio of 16.81 and a beta of 1.65.
Kimball Electronics (NASDAQ:KE) last announced its earnings results on Wednesday, November 1st. The electronics maker reported $0.31 earnings per share (EPS) for the quarter. Kimball Electronics had a return on equity of 9.63% and a net margin of 3.40%. The firm had revenue of $253.20 million for the quarter.
Kimball Electronics declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 24th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the electronics maker to buy up to 42% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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About Kimball Electronics
Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.
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