Kewaunee Scientific (NASDAQ:KEQU) Stock Passes Below Two Hundred Day Moving Average of $17.62

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Kewaunee Scientific Co. (NASDAQ:KEQU)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.62 and traded as low as $16.01. Kewaunee Scientific shares last traded at $16.01, with a volume of 1,837 shares traded.

Separately, ValuEngine upgraded Kewaunee Scientific from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

The company has a current ratio of 1.81, a quick ratio of 1.38 and a debt-to-equity ratio of 0.12. The company has a market cap of $44.85 million, a PE ratio of 32.67 and a beta of -0.48. The company has a fifty day simple moving average of $15.97 and a two-hundred day simple moving average of $17.50.

A hedge fund recently raised its stake in Kewaunee Scientific stock. Renaissance Technologies LLC increased its position in shares of Kewaunee Scientific Co. (NASDAQ:KEQU) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,627 shares of the technology company’s stock after purchasing an additional 727 shares during the period. Renaissance Technologies LLC owned 3.37% of Kewaunee Scientific worth $1,773,000 at the end of the most recent quarter. Institutional investors and hedge funds own 45.34% of the company’s stock.

Kewaunee Scientific Company Profile (NASDAQ:KEQU)

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture products. The company operates in two segments, Domestic and International. Its products include steel, wood, laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services.

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