Kewaunee Scientific (NASDAQ:KEQU) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Kewaunee Scientific Corporation (NASDAQ:KEQU)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $38.25 and traded as high as $41.20. Kewaunee Scientific shares last traded at $40.57, with a volume of 1,074 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Kewaunee Scientific in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Kewaunee Scientific has a consensus rating of “Hold”.

Kewaunee Scientific Stock Down 2.5%

The company has a current ratio of 2.12, a quick ratio of 1.45 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $113.54 million, a PE ratio of 10.63 and a beta of 0.70. The business’s 50-day simple moving average is $36.95 and its 200-day simple moving average is $38.24.

Institutional Investors Weigh In On Kewaunee Scientific

A number of institutional investors have recently added to or reduced their stakes in KEQU. Bank of America Corp DE increased its stake in Kewaunee Scientific by 2,605.9% during the 4th quarter. Bank of America Corp DE now owns 460 shares of the technology company’s stock worth $28,000 after buying an additional 443 shares in the last quarter. US Bancorp DE increased its stake in Kewaunee Scientific by 80.0% during the 3rd quarter. US Bancorp DE now owns 900 shares of the technology company’s stock worth $38,000 after buying an additional 400 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Kewaunee Scientific during the 2nd quarter worth approximately $60,000. Barclays PLC purchased a new stake in Kewaunee Scientific during the 4th quarter worth approximately $92,000. Finally, Jane Street Group LLC increased its stake in Kewaunee Scientific by 65.8% during the 1st quarter. Jane Street Group LLC now owns 8,052 shares of the technology company’s stock worth $317,000 after buying an additional 3,196 shares in the last quarter. Institutional investors and hedge funds own 32.69% of the company’s stock.

About Kewaunee Scientific

Kewaunee Scientific Corporation (NASDAQ:KEQU) is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.

The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.