Kimball Electronics (NASDAQ:KE) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Kimball Electronics, Inc. (NASDAQ:KE) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $25.68 and traded as low as $23.85. Kimball Electronics shares last traded at $24.90, with a volume of 163,505 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Zacks Research raised shares of Kimball Electronics from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Stock Performance

The firm has a market cap of $618.30 million, a PE ratio of 24.72, a P/E/G ratio of 1.03 and a beta of 1.22. The stock has a 50-day moving average price of $25.63 and a 200 day moving average price of $26.31. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.29.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $352.92 million for the quarter, compared to analysts’ expectations of $356.27 million. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%. Research analysts forecast that Kimball Electronics, Inc. will post 1.21 earnings per share for the current year.

Institutional Investors Weigh In On Kimball Electronics

A number of institutional investors have recently bought and sold shares of KE. Comerica Bank increased its position in Kimball Electronics by 1.2% during the fourth quarter. Comerica Bank now owns 27,812 shares of the electronics maker’s stock worth $774,000 after purchasing an additional 336 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Kimball Electronics by 0.4% during the 4th quarter. Cardinal Capital Management now owns 106,570 shares of the electronics maker’s stock valued at $2,965,000 after buying an additional 372 shares during the period. Barclays PLC increased its holdings in shares of Kimball Electronics by 0.7% during the 4th quarter. Barclays PLC now owns 69,334 shares of the electronics maker’s stock worth $1,929,000 after buying an additional 498 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Kimball Electronics by 0.9% during the 2nd quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock worth $1,229,000 after buying an additional 561 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kimball Electronics by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock worth $242,000 after buying an additional 624 shares during the period. 75.99% of the stock is currently owned by hedge funds and other 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.