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

Kewaunee Scientific Corporation (NASDAQ:KEQU) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.78 and traded as low as $36.95. Kewaunee Scientific shares last traded at $37.71, with a volume of 2,817 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Kewaunee Scientific in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Kewaunee Scientific Trading Up 1.1%

The stock has a market capitalization of $109.38 million, a P/E ratio of 11.84 and a beta of 0.71. The business has a 50 day simple moving average of $37.64 and a 200-day simple moving average of $37.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.18.

Kewaunee Scientific (NASDAQ:KEQU) last posted its quarterly earnings data on Tuesday, June 23rd. The technology company reported $1.14 EPS for the quarter. The company had revenue of $71.40 million for the quarter. Kewaunee Scientific had a return on equity of 14.10% and a net margin of 3.41%.During the same period in the prior year, the firm posted $1.95 EPS.

Institutional Investors Weigh In On Kewaunee Scientific

Institutional investors and hedge funds have recently bought and sold shares of the business. Minerva Advisors LLC grew its stake in shares of Kewaunee Scientific by 51.8% in the 4th quarter. Minerva Advisors LLC now owns 121,863 shares of the technology company’s stock worth $4,559,000 after purchasing an additional 41,589 shares during the last quarter. Northeast Investment Management acquired a new stake in Kewaunee Scientific during the fourth quarter valued at approximately $748,000. State Street Corp lifted its stake in Kewaunee Scientific by 4.2% during the fourth quarter. State Street Corp now owns 10,034 shares of the technology company’s stock valued at $375,000 after purchasing an additional 400 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Kewaunee Scientific during the third quarter worth approximately $713,000. Finally, US Bancorp DE grew its position in Kewaunee Scientific by 80.0% in the third quarter. US Bancorp DE now owns 900 shares of the technology company’s stock worth $38,000 after buying an additional 400 shares during the last quarter. 32.69% of the stock is owned by institutional investors and hedge funds.

Kewaunee Scientific Company Profile

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.