Kimball Electronics (NASDAQ:KE) Hits New 52-Week Low at $19.61

Kimball Electronics, Inc. (NASDAQ:KE) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $19.61 and last traded at $20.14, with a volume of 40174 shares. The stock had previously closed at $20.94.

Kimball Electronics Price Performance

The business has a fifty day moving average of $22.28 and a 200-day moving average of $22.01. The firm has a market cap of $501.61 million, a PE ratio of 15.76 and a beta of 1.30. The company has a current ratio of 2.03, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Tuesday, May 7th. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The company had revenue of $425.04 million for the quarter, compared to analysts’ expectations of $448.20 million. Kimball Electronics had a return on equity of 8.70% and a net margin of 1.81%. As a group, research analysts predict that Kimball Electronics, Inc. will post 1.53 earnings per share for the current year.

Institutional Trading of Kimball Electronics

Several institutional investors and hedge funds have recently modified their holdings of KE. Vanguard Group Inc. raised its holdings in shares of Kimball Electronics by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,205,259 shares of the electronics maker’s stock valued at $33,000,000 after acquiring an additional 12,776 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Kimball Electronics by 29.5% during the 4th quarter. SG Americas Securities LLC now owns 11,905 shares of the electronics maker’s stock valued at $321,000 after buying an additional 2,710 shares in the last quarter. Cardinal Capital Management raised its holdings in shares of Kimball Electronics by 1.5% during the 4th quarter. Cardinal Capital Management now owns 46,442 shares of the electronics maker’s stock valued at $1,252,000 after buying an additional 703 shares in the last quarter. Sapient Capital LLC purchased a new position in shares of Kimball Electronics during the 4th quarter valued at about $8,761,000. Finally, Strs Ohio raised its holdings in shares of Kimball Electronics by 8.1% during the 4th quarter. Strs Ohio now owns 24,100 shares of the electronics maker’s stock valued at $649,000 after buying an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

About Kimball Electronics

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.