Kimball Electronics (NASDAQ:KE) Rating Lowered to Hold at EF Hutton Acquisition Co. I

Kimball Electronics (NASDAQ:KE) was downgraded by EF Hutton Acquisition Co. I from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

A number of other equities research analysts have also commented on the company. Lake Street Capital lowered their price target on Kimball Electronics from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday. B. Riley reduced their price objective on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Sidoti cut shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Thursday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.25.

Kimball Electronics Stock Up 3.1 %

NASDAQ KE traded up $0.56 on Wednesday, hitting $18.39. 53,693 shares of the company were exchanged, compared to its average volume of 113,965. The company has a current ratio of 2.03, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a market cap of $457.34 million, a PE ratio of 13.93 and a beta of 1.30. The stock has a fifty day moving average of $21.90 and a 200-day moving average of $21.80. Kimball Electronics has a 12 month low of $17.29 and a 12 month high of $31.43.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.08). Kimball Electronics had a return on equity of 8.70% and a net margin of 1.81%. The firm had revenue of $430.16 million during the quarter, compared to the consensus estimate of $429.00 million. During the same quarter in the previous year, the company posted $0.76 EPS. As a group, analysts forecast that Kimball Electronics will post 1.53 earnings per share for the current year.

Institutional Trading of Kimball Electronics

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Kimball Electronics by 45.9% during the first quarter. Vanguard Group Inc. now owns 1,808,516 shares of the electronics maker’s stock valued at $39,154,000 after purchasing an additional 569,015 shares during the last quarter. Oxford Financial Group LTD. LLC increased its stake in Kimball Electronics by 35.4% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 463,536 shares of the electronics maker’s stock valued at $12,492,000 after acquiring an additional 121,076 shares during the last quarter. Larson Financial Group LLC raised its position in Kimball Electronics by 272.5% during the fourth quarter. Larson Financial Group LLC now owns 404,571 shares of the electronics maker’s stock valued at $10,903,000 after purchasing an additional 295,951 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in Kimball Electronics by 5.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 368,343 shares of the electronics maker’s stock worth $9,927,000 after purchasing an additional 19,234 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Kimball Electronics by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 352,951 shares of the electronics maker’s stock worth $9,512,000 after purchasing an additional 3,237 shares in the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

About Kimball Electronics

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.