Kimball Electronics (NASDAQ:KE) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday, BidAskClub reports.
Separately, TheStreet raised shares of Kimball Electronics from a “c+” rating to a “b” rating in a research report on Thursday, February 7th.
Shares of KE stock opened at $15.98 on Friday. Kimball Electronics has a 12 month low of $13.51 and a 12 month high of $20.90. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $407.46 million, a price-to-earnings ratio of 13.59 and a beta of 0.96.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KE. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Kimball Electronics during the 1st quarter valued at about $2,569,000. SEI Investments Co bought a new stake in shares of Kimball Electronics during the 1st quarter valued at about $210,000. Geode Capital Management LLC grew its position in shares of Kimball Electronics by 7.7% during the 1st quarter. Geode Capital Management LLC now owns 411,698 shares of the electronics maker’s stock valued at $6,377,000 after buying an additional 29,600 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Kimball Electronics by 12.8% during the 1st quarter. Renaissance Technologies LLC now owns 502,804 shares of the electronics maker’s stock valued at $7,788,000 after buying an additional 57,229 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its position in shares of Kimball Electronics by 10.9% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 188,450 shares of the electronics maker’s stock valued at $2,919,000 after buying an additional 18,450 shares during the last quarter. 61.81% of the stock is owned by institutional investors.
Kimball Electronics Company Profile
Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing various electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.
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