StockNews.com Upgrades Kewaunee Scientific (NASDAQ:KEQU) to “Buy”

Kewaunee Scientific (NASDAQ:KEQU) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Kewaunee Scientific Trading Up 3.6 %

Shares of NASDAQ KEQU opened at $54.93 on Wednesday. Kewaunee Scientific has a fifty-two week low of $24.67 and a fifty-two week high of $56.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.53. The company has a market cap of $157.76 million, a price-to-earnings ratio of 8.71 and a beta of 0.80. The business’s 50 day moving average price is $39.37 and its 200-day moving average price is $42.48.

Insider Transactions at Kewaunee Scientific

In other news, VP Elizabeth D. Phillips sold 1,850 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $54.17, for a total transaction of $100,214.50. Following the transaction, the vice president now directly owns 13,591 shares of the company’s stock, valued at approximately $736,224.47. This trade represents a 11.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 14.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KEQU. Barclays PLC bought a new stake in Kewaunee Scientific during the 3rd quarter valued at $121,000. Heron Bay Capital Management purchased a new position in shares of Kewaunee Scientific during the second quarter valued at $252,000. State Street Corp bought a new stake in shares of Kewaunee Scientific in the third quarter valued at about $266,000. Ritholtz Wealth Management purchased a new stake in Kewaunee Scientific in the second quarter worth about $413,000. Finally, Geode Capital Management LLC grew its holdings in Kewaunee Scientific by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock worth $792,000 after acquiring an additional 1,941 shares in the last quarter. Institutional investors own 32.69% of the company’s stock.

About Kewaunee Scientific

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.