Kimball Electronics (NASDAQ:KE) Stock Bumped Down to Hold by Zacks Research

Kimball Electronics (NASDAQ:KE) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other research analysts have also recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Kimball Electronics in a report on Monday, October 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, KeyCorp assumed coverage on shares of Kimball Electronics in a research report on Thursday, July 2nd. They set a “sector weight” rating for the company. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.00.

Kimball Electronics Stock Performance

NASDAQ KE opened at $26.16 on Monday. The firm has a market cap of $627.58 million, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 1.04 and a beta of 1.24. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $25.85 and a 200-day moving average price of $25.58. Kimball Electronics has a twelve month low of $21.01 and a twelve month high of $32.00.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). The business had revenue of $371.57 million for the quarter, compared to analysts’ expectations of $373.63 million. Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%. As a group, equities research analysts predict that Kimball Electronics will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Kimball Electronics

A number of hedge funds have recently made changes to their positions in the company. Sax Wealth Advisors LLC bought a new position in Kimball Electronics during the third quarter valued at approximately $205,000. GAMMA Investing LLC grew its holdings in Kimball Electronics by 36.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,707 shares of the electronics maker’s stock valued at $47,000 after buying an additional 452 shares in the last quarter. NewEdge Advisors LLC increased its stake in Kimball Electronics by 7.9% in the 2nd quarter. NewEdge Advisors LLC now owns 201,940 shares of the electronics maker’s stock worth $5,170,000 after acquiring an additional 14,754 shares during the last quarter. IFP Advisors Inc increased its stake in Kimball Electronics by 7.6% in the 2nd quarter. IFP Advisors Inc now owns 8,422 shares of the electronics maker’s stock worth $216,000 after acquiring an additional 592 shares during the last quarter. Finally, AXQ Capital LP bought a new stake in Kimball Electronics in the 2nd quarter worth approximately $284,000. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

About Kimball Electronics

Kimball Electronics, Inc is a contract manufacturer that provides electronic manufacturing services, engineering support and supply-chain solutions for original equipment manufacturers. The company helps customers design, build, test and manage products ranging from circuit-board assemblies to complete, integrated systems.

Kimball Electronics serves a diverse group of markets, including automotive, medical, industrial and public safety applications. Its capabilities include printed circuit board assembly, box-build and system integration, prototyping, product testing, tooling, automation and other manufacturing services.