Kimball Electronics (NASDAQ:KE) Shares Gap Up – Time to Buy?

Kimball Electronics, Inc. (NASDAQ:KE)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $24.43, but opened at $25.86. Kimball Electronics shares last traded at $26.2460, with a volume of 1,416 shares changing hands.

Analysts Set New Price Targets

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

Kimball Electronics Stock Down 3.8%

The firm has a market cap of $585.98 million, a price-to-earnings ratio of 23.44, a PEG ratio of 0.85 and a beta of 1.22. The business’s 50 day moving average price is $25.59 and its 200 day moving average price is $26.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.29 and a current ratio of 2.11.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 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 analyst estimates of $356.27 million. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%. On average, equities analysts forecast that Kimball Electronics, Inc. will post 1.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Kimball Electronics by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 1,995,742 shares of the electronics maker’s stock valued at $55,522,000 after buying an additional 48,456 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Kimball Electronics by 19.9% during the 3rd quarter. American Century Companies Inc. now owns 837,443 shares of the electronics maker’s stock valued at $25,006,000 after buying an additional 139,029 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Kimball Electronics by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 677,488 shares of the electronics maker’s stock valued at $18,852,000 after buying an additional 6,586 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kimball Electronics by 13.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 515,409 shares of the electronics maker’s stock valued at $14,339,000 after buying an additional 59,446 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Kimball Electronics by 16.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 479,220 shares of the electronics maker’s stock worth $14,310,000 after purchasing an additional 67,299 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

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.