Kewaunee Scientific (NASDAQ:KEQU) Rating Increased to Buy at StockNews.com

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

Kewaunee Scientific Stock Up 16.0 %

Shares of Kewaunee Scientific stock opened at $36.78 on Thursday. The business’s fifty day moving average price is $38.16 and its two-hundred day moving average price is $41.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.53 and a quick ratio of 2.00. The company has a market capitalization of $105.56 million, a P/E ratio of 5.90 and a beta of 0.72. Kewaunee Scientific has a 1-year low of $16.51 and a 1-year high of $55.62.

Kewaunee Scientific (NASDAQ:KEQU) last announced its earnings results on Wednesday, September 11th. The technology company reported $0.93 earnings per share for the quarter. The firm had revenue of $48.39 million for the quarter. Kewaunee Scientific had a return on equity of 25.87% and a net margin of 9.13%.

Institutional Trading of Kewaunee Scientific

A number of hedge funds and other institutional investors have recently modified their holdings of KEQU. Heron Bay Capital Management bought a new stake in shares of Kewaunee Scientific in the 2nd quarter worth $252,000. Ritholtz Wealth Management raised its stake in shares of Kewaunee Scientific by 24.6% in the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock worth $363,000 after buying an additional 2,156 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Kewaunee Scientific by 13.4% in the 2nd quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock worth $4,230,000 after acquiring an additional 10,580 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kewaunee Scientific by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after acquiring an additional 6,132 shares during 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.