Kimball Electronics (NASDAQ:KE) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Kimball Electronics, Inc. (NASDAQ:KE) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $25.57 and traded as high as $26.84. Kimball Electronics shares last traded at $25.95, with a volume of 148,908 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KE shares. Zacks Research cut shares of Kimball Electronics from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Wall Street Zen cut shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Finally, Weiss Ratings upgraded shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Kimball Electronics Trading Down 7.3%

The stock’s fifty day moving average price is $25.57 and its 200 day moving average price is $26.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.29. The stock has a market capitalization of $587.54 million, a P/E ratio of 23.49, a PEG ratio of 0.91 and a beta of 1.22.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KE. BNP Paribas Financial Markets grew its holdings in Kimball Electronics by 10,263.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 260,850 shares of the electronics maker’s stock worth $7,789,000 after acquiring an additional 258,333 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in Kimball Electronics during the 3rd quarter worth about $6,846,000. American Century Companies Inc. grew its holdings in Kimball Electronics by 19.9% during the 3rd quarter. American Century Companies Inc. now owns 837,443 shares of the electronics maker’s stock worth $25,006,000 after acquiring an additional 139,029 shares in the last quarter. Millennium Management LLC grew its holdings in Kimball Electronics by 403.0% during the 4th quarter. Millennium Management LLC now owns 130,160 shares of the electronics maker’s stock worth $3,621,000 after acquiring an additional 104,281 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Kimball Electronics by 806.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,710 shares of the electronics maker’s stock worth $3,366,000 after acquiring an additional 100,275 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors.

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.