Kewaunee Scientific Co. (NASDAQ:KEQU) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 2,300 shares, a decrease of 42.5% from the August 30th total of 4,000 shares. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are sold short.
Separately, ValuEngine raised Kewaunee Scientific from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.
Several institutional investors have recently made changes to their positions in KEQU. North Star Investment Management Corp. raised its stake in shares of Kewaunee Scientific by 2.0% during the 3rd quarter. North Star Investment Management Corp. now owns 99,692 shares of the technology company’s stock worth $1,554,000 after purchasing an additional 2,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Kewaunee Scientific by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 92,627 shares of the technology company’s stock worth $1,773,000 after purchasing an additional 727 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Kewaunee Scientific by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 213,176 shares of the technology company’s stock worth $7,086,000 after purchasing an additional 1,317 shares in the last quarter. Institutional investors own 47.17% of the company’s stock.
NASDAQ:KEQU traded down $0.24 during trading hours on Friday, reaching $15.51. 14,904 shares of the stock were exchanged, compared to its average volume of 4,045. Kewaunee Scientific has a twelve month low of $15.06 and a twelve month high of $34.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.81 and a quick ratio of 1.38. The firm has a 50 day moving average of $15.76 and a 200 day moving average of $19.06. The stock has a market cap of $42.65 million, a PE ratio of 30.54 and a beta of -0.50.
Kewaunee Scientific (NASDAQ:KEQU) last announced its quarterly earnings data on Tuesday, August 27th. The technology company reported $0.17 earnings per share (EPS) for the quarter. Kewaunee Scientific had a return on equity of 2.97% and a net margin of 0.41%. The company had revenue of $39.34 million for the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date was Monday, September 9th.
About Kewaunee Scientific
Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture products. The company operates in two segments, Domestic and International. Its products include steel, wood, laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services.
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