Kimball Electronics (KE) Lowered to “Hold” at BidaskClub

BidaskClub lowered shares of Kimball Electronics (NASDAQ:KE) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Separately, ValuEngine lowered shares of Kimball Electronics from a buy rating to a hold rating in a research note on Friday, December 1st.

Kimball Electronics (NASDAQ KE) traded up $0.05 during midday trading on Wednesday, hitting $18.90. 35,400 shares of the company’s stock were exchanged, compared to its average volume of 51,200. The stock has a market capitalization of $505.91, a PE ratio of 15.88 and a beta of 0.93. Kimball Electronics has a fifty-two week low of $15.05 and a fifty-two week high of $22.45.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $253.20 million during the quarter. Kimball Electronics had a net margin of 3.40% and a return on equity of 9.63%.

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new position in Kimball Electronics during the second quarter valued at $140,000. Hancock Holding Co. purchased a new position in Kimball Electronics during the second quarter valued at $185,000. Nordea Investment Management AB lifted its holdings in Kimball Electronics by 32.1% during the second quarter. Nordea Investment Management AB now owns 10,700 shares of the electronics maker’s stock valued at $193,000 after purchasing an additional 2,600 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Kimball Electronics during the third quarter valued at $213,000. Finally, Voya Investment Management LLC lifted its holdings in Kimball Electronics by 13.6% during the second quarter. Voya Investment Management LLC now owns 16,463 shares of the electronics maker’s stock valued at $297,000 after purchasing an additional 1,972 shares in the last quarter. Institutional investors own 56.63% of the company’s stock.

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About Kimball Electronics

Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.

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