Kimball Electronics (NASDAQ:KE) Sees Large Volume Increase – Here’s Why

Kimball Electronics, Inc. (NASDAQ:KE) shares saw an uptick in trading volume on Wednesday . 243,594 shares were traded during trading, an increase of 55% from the previous session’s volume of 157,374 shares.The stock last traded at $26.3870 and had previously closed at $25.59.

Analyst Ratings Changes

Several brokerages recently commented on KE. Zacks Research downgraded Kimball Electronics from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Weiss Ratings raised Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen downgraded Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.00.

Kimball Electronics Price Performance

The firm has a market cap of $627.20 million, a price-to-earnings ratio of 25.07, a P/E/G ratio of 0.85 and a beta of 1.25. The company has a current ratio of 2.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $25.27 and a 200 day moving average of $26.88.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $352.92 million for the quarter, compared to the consensus estimate of $356.27 million. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%. Equities research analysts predict that Kimball Electronics, Inc. will post 1.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

Large investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Kimball Electronics during the 3rd quarter worth about $28,000. Raymond James Financial Inc. bought a new position in Kimball Electronics during the 2nd quarter worth about $34,000. Farther Finance Advisors LLC bought a new position in Kimball Electronics during the 4th quarter worth about $35,000. CWM LLC increased its holdings in Kimball Electronics by 135.2% during the 4th quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 715 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Kimball Electronics during the 4th quarter worth about $38,000. Institutional investors own 75.99% of the company’s stock.

About Kimball Electronics

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.