Kimball Electronics (NASDAQ:KE) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of Kimball Electronics (NASDAQ:KE) from a strong sell rating to a sell rating in a report published on Tuesday morning, BidAskClub reports.

Separately, Sidoti raised their price target on Kimball Electronics from $15.00 to $17.00 and gave the company a buy rating in a report on Tuesday, May 5th.

Shares of Kimball Electronics stock opened at $13.09 on Tuesday. Kimball Electronics has a one year low of $9.78 and a one year high of $18.49. The stock’s fifty day moving average is $13.49 and its 200 day moving average is $14.33. The stock has a market cap of $327.08 million, a P/E ratio of 12.35 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.07.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Monday, May 4th. The electronics maker reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. Kimball Electronics had a return on equity of 7.20% and a net margin of 2.19%. The company had revenue of $293.93 million for the quarter.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank grew its position in Kimball Electronics by 1.7% in the fourth quarter. Swiss National Bank now owns 48,700 shares of the electronics maker’s stock worth $855,000 after acquiring an additional 800 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Kimball Electronics by 22.0% during the fourth quarter. Bank of Montreal Can now owns 5,305 shares of the electronics maker’s stock valued at $93,000 after buying an additional 956 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Kimball Electronics by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 188,941 shares of the electronics maker’s stock valued at $2,064,000 after buying an additional 1,538 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Kimball Electronics by 29.8% during the first quarter. BNP Paribas Arbitrage SA now owns 7,593 shares of the electronics maker’s stock valued at $83,000 after buying an additional 1,742 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Kimball Electronics by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,454 shares of the electronics maker’s stock valued at $2,641,000 after buying an additional 1,934 shares during the period. Institutional investors own 61.25% of the company’s stock.

About Kimball Electronics

Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing various electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.

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