Kimball Electronics (NASDAQ:KE) Shares Down 13.5% – Should You Sell?

Kimball Electronics, Inc. (NASDAQ:KE)’s stock price traded down 13.5% on Thursday . The company traded as low as $26.06 and last traded at $26.5750. 65,535 shares traded hands during trading, a decline of 55% from the average session volume of 145,273 shares. The stock had previously closed at $30.72.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Zacks Research downgraded shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a research note on Friday, January 9th. B. Riley reaffirmed a “buy” rating on shares of Kimball Electronics in a research note on Thursday, October 9th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $32.00 price target on shares of Kimball Electronics in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Price Performance

The stock’s 50-day moving average is $29.55 and its 200 day moving average is $27.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.21 and a quick ratio of 1.34. The company has a market cap of $594.38 million, a PE ratio of 25.93, a PEG ratio of 1.14 and a beta of 1.20.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The firm had revenue of $341.28 million for the quarter, compared to analyst estimates of $339.34 million. Kimball Electronics had a net margin of 1.62% and a return on equity of 6.28%. On average, equities analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Institutional Trading of Kimball Electronics

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank lifted its holdings in Kimball Electronics by 1.2% during the fourth quarter. Comerica Bank now owns 27,812 shares of the electronics maker’s stock valued at $774,000 after purchasing an additional 336 shares in the last quarter. Cardinal Capital Management lifted its position in shares of Kimball Electronics by 0.4% in the fourth quarter. Cardinal Capital Management now owns 106,570 shares of the electronics maker’s stock valued at $2,965,000 after acquiring an additional 372 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Kimball Electronics by 0.9% in the second quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock worth $1,229,000 after acquiring an additional 561 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Kimball Electronics by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock worth $242,000 after purchasing an additional 624 shares in the last quarter. Finally, AlphaQuest LLC increased its position in shares of Kimball Electronics by 9.1% during the second quarter. AlphaQuest LLC now owns 8,119 shares of the electronics maker’s stock worth $156,000 after purchasing an additional 678 shares in the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.