Kimball Electronics (NASDAQ:KE) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

Separately, ValuEngine downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Kimball Electronics (NASDAQ:KE) traded up $0.15 during trading on Tuesday, reaching $20.45. 52,800 shares of the company were exchanged, compared to its average volume of 77,982. Kimball Electronics has a 52-week low of $15.05 and a 52-week high of $22.45. The stock has a market capitalization of $544.83, a P/E ratio of 17.06 and a beta of 0.94.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Wednesday, November 1st. The electronics maker reported $0.31 earnings per share (EPS) for the quarter. Kimball Electronics had a net margin of 3.40% and a return on equity of 9.63%. The firm had revenue of $253.20 million during the quarter.

Kimball Electronics declared that its board has approved a share repurchase program on Thursday, August 24th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 42% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC acquired a new stake in Kimball Electronics in the third quarter valued at $869,000. Algert Global LLC raised its holdings in Kimball Electronics by 43.2% in the third quarter. Algert Global LLC now owns 61,060 shares of the electronics maker’s stock valued at $1,322,000 after acquiring an additional 18,430 shares in the last quarter. California Public Employees Retirement System raised its holdings in Kimball Electronics by 29.0% in the third quarter. California Public Employees Retirement System now owns 75,865 shares of the electronics maker’s stock valued at $1,642,000 after acquiring an additional 17,065 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Kimball Electronics during the third quarter valued at $3,750,000. Finally, Royce & Associates LP bought a new stake in Kimball Electronics during the third quarter valued at $892,000. 56.63% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Kimball Electronics (KE) Stock Rating Lowered by BidaskClub” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/12/14/kimball-electronics-ke-stock-rating-lowered-by-bidaskclub.html.

Kimball Electronics Company Profile

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.

Receive News & Stock Ratings for Kimball Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimball Electronics and related stocks with our FREE daily email newsletter.