Kewaunee Scientific (NASDAQ:KEQU) Stock Breaks Below Two Hundred Day Moving Average – Should You Sell?

Kewaunee Scientific Corporation (NASDAQ:KEQU)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $36.43 and traded as low as $33.81. Kewaunee Scientific shares last traded at $33.82, with a volume of 7,584 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kewaunee Scientific in a report on Friday, September 25th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Kewaunee Scientific has a consensus rating of “Hold”.

Kewaunee Scientific Stock Up 0.4%

The stock has a fifty day moving average price of $35.92 and a 200 day moving average price of $36.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.20 and a quick ratio of 1.57. The stock has a market capitalization of $98.14 million, a P/E ratio of 12.26 and a beta of 0.76.

Kewaunee Scientific (NASDAQ:KEQU) last released its quarterly earnings data on Wednesday, September 9th. The technology company reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $66.32 million for the quarter. Kewaunee Scientific had a return on equity of 11.61% and a net margin of 2.97%.

Institutional Investors Weigh In On Kewaunee Scientific

Several hedge funds and other institutional investors have recently modified their holdings of KEQU. Punch & Associates Investment Management Inc. bought a new position in shares of Kewaunee Scientific in the second quarter valued at approximately $3,749,000. De Lisle Partners LLP purchased a new position in Kewaunee Scientific during the second quarter valued at approximately $1,919,000. Finally, BlackRock Inc. bought a new stake in Kewaunee Scientific during the 2nd quarter worth approximately $425,000. 32.69% of the stock is currently owned by institutional investors.

About Kewaunee Scientific

Kewaunee Scientific Corporation (NASDAQ:KEQU) designs, manufactures and installs laboratory, healthcare and technical furniture and related products. Its offerings include steel and wood laboratory casework, fume hoods, workstations, modular laboratory systems, countertops, storage equipment and other specialized furnishings used in research, education, healthcare, industrial and government facilities.

The company provides laboratory planning and project-management services in addition to manufacturing, supporting customers from design and specification through installation.