Kimball Electronics (NASDAQ:KE) Reaches New 52-Week Low at $19.61

Kimball Electronics, Inc. (NASDAQ:KE) shares reached a new 52-week low during trading on Monday . The company traded as low as $19.61 and last traded at $20.14, with a volume of 40174 shares changing hands. The stock had previously closed at $20.94.

Kimball Electronics Trading Down 3.2 %

The company’s 50 day simple moving average is $22.37 and its two-hundred day simple moving average is $22.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.03 and a quick ratio of 1.12. The company has a market cap of $503.87 million, a PE ratio of 15.90 and a beta of 1.30.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Tuesday, May 7th. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Kimball Electronics had a return on equity of 8.70% and a net margin of 1.81%. The firm had revenue of $425.04 million for the quarter, compared to analyst estimates of $448.20 million. As a group, sell-side analysts anticipate that Kimball Electronics, Inc. will post 1.53 EPS for the current fiscal year.

Institutional Trading of Kimball Electronics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Foundry Partners LLC increased its position in Kimball Electronics by 10.0% in the 2nd quarter. Foundry Partners LLC now owns 216,955 shares of the electronics maker’s stock valued at $4,769,000 after acquiring an additional 19,730 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Kimball Electronics by 26.4% in the 2nd quarter. Victory Capital Management Inc. now owns 60,984 shares of the electronics maker’s stock worth $1,340,000 after acquiring an additional 12,720 shares during the period. Rhumbline Advisers boosted its holdings in shares of Kimball Electronics by 10.6% in the second quarter. Rhumbline Advisers now owns 41,625 shares of the electronics maker’s stock valued at $915,000 after acquiring an additional 3,993 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Kimball Electronics by 10.3% during the second quarter. Principal Financial Group Inc. now owns 18,531 shares of the electronics maker’s stock worth $407,000 after purchasing an additional 1,728 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Kimball Electronics by 1,526.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,456 shares of the electronics maker’s stock worth $230,000 after purchasing an additional 9,813 shares in the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.