Kimball Electronics (NASDAQ:KE) Shares Up 13.1% – Should You Buy?

Kimball Electronics, Inc. (NASDAQ:KE) rose 13.1% during trading on Friday . The company traded as high as $25.16 and last traded at $26.6340. Approximately 12,612 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 154,485 shares. The stock had previously closed at $23.55.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KE shares. B. Riley restated a “buy” rating on shares of Kimball Electronics in a research report on Thursday, October 9th. Zacks Research lowered Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Wall Street Zen raised Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a research note on Friday, January 9th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $32.00 target price on shares of Kimball Electronics in a report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.21 and a quick ratio of 1.34. The stock has a 50-day simple moving average of $29.44 and a 200-day simple moving average of $27.95. The stock has a market cap of $645.01 million, a PE ratio of 27.60, a P/E/G ratio of 1.13 and a beta of 1.20.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Wednesday, February 4th. The electronics maker reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. The business had revenue of $341.28 million for the quarter, compared to the consensus estimate of $339.34 million. Kimball Electronics had a net margin of 1.65% and a return on equity of 6.13%. Equities analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KE. Sierra Summit Advisors LLC acquired a new stake in Kimball Electronics in the 4th quarter valued at approximately $840,000. IFP Advisors Inc increased its holdings in Kimball Electronics by 167.7% in the 4th quarter. IFP Advisors Inc now owns 4,845 shares of the electronics maker’s stock valued at $135,000 after buying an additional 3,035 shares during the period. Abacus Wealth Partners LLC acquired a new position in Kimball Electronics during the fourth quarter worth about $384,000. Legacy Financial Advisors Inc. grew its holdings in Kimball Electronics by 19.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 45,373 shares of the electronics maker’s stock worth $1,262,000 after purchasing an additional 7,322 shares during the period. Finally, Bailard Inc. lifted its holdings in shares of Kimball Electronics by 22.0% in the fourth quarter. Bailard Inc. now owns 9,420 shares of the electronics maker’s stock valued at $262,000 after purchasing an additional 1,700 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors.

About Kimball Electronics

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.