Kimball Electronics (NASDAQ:KE) Shares Gap Up – What’s Next?

Kimball Electronics, Inc. (NASDAQ:KE)’s share price gapped up prior to trading on Friday . The stock had previously closed at $29.05, but opened at $30.12. Kimball Electronics shares last traded at $30.2450, with a volume of 7,835 shares changing hands.

Analyst Ratings Changes

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

Kimball Electronics Stock Down 1.9%

The company has a market cap of $730.20 million, a PE ratio of 31.48, a P/E/G ratio of 1.07 and a beta of 1.15. The firm has a 50-day simple moving average of $29.33 and a two-hundred day simple moving average of $27.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.21 and a quick ratio of 1.34.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Wednesday, November 5th. The electronics maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.25. Kimball Electronics had a return on equity of 6.28% and a net margin of 1.62%.The business had revenue of $365.60 million for the quarter, compared to analyst estimates of $338.43 million. Research analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Institutional Trading of Kimball Electronics

A number of hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new position in Kimball Electronics in the 3rd quarter valued at $28,000. State of Alaska Department of Revenue acquired a new stake in shares of Kimball Electronics during the third quarter worth $31,000. CWM LLC grew its position in shares of Kimball Electronics by 135.2% in the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 715 shares during the period. Farther Finance Advisors LLC acquired a new position in Kimball Electronics in the fourth quarter valued at $35,000. Finally, IFP Advisors Inc acquired a new position in Kimball Electronics in the third quarter valued at $48,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

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.