Kimball Electronics (NASDAQ:KE) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Kimball Electronics, Inc. (NASDAQ:KE)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $25.11 and traded as low as $24.11. Kimball Electronics shares last traded at $24.91, with a volume of 202,483 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KE. KeyCorp assumed coverage on Kimball Electronics in a research report on Thursday, July 2nd. They issued a “sector weight” rating on the stock. Wall Street Zen cut Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Zacks Research raised Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, Weiss Ratings upgraded Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Kimball Electronics Price Performance

The firm has a market cap of $597.88 million, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.22. The stock’s 50-day moving average is $25.11 and its 200-day moving average is $25.85. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. The company had revenue of $352.92 million during the quarter, compared to the consensus estimate of $356.27 million. As a group, equities analysts anticipate that Kimball Electronics, Inc. will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Kimball Electronics

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Kimball Electronics during the third quarter valued at about $28,000. CWM LLC lifted its position in shares of Kimball Electronics by 135.2% in the 4th quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 715 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Kimball Electronics in the 4th quarter worth approximately $35,000. Kestra Advisory Services LLC bought a new stake in shares of Kimball Electronics in the 4th quarter worth approximately $38,000. Finally, California State Teachers Retirement System grew its holdings in shares of Kimball Electronics by 99.7% during the 4th quarter. California State Teachers Retirement System now owns 1,498 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 748 shares in the last quarter. 75.99% of the stock is owned by institutional investors and hedge funds.

Kimball Electronics Company Profile

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.