Kimball Electronics (NASDAQ:KE) Trading Down 9.3% – Here’s What Happened

Kimball Electronics, Inc. (NASDAQ:KE)’s share price traded down 9.3% during trading on Friday . The company traded as low as $28.04 and last traded at $27.5650. 4,068 shares changed hands during trading, a decline of 98% from the average session volume of 179,457 shares. The stock had previously closed at $30.38.

Analyst Ratings Changes

KE has been the topic of a number of research analyst reports. Wall Street Zen raised Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. B. Riley reaffirmed a “buy” rating on shares of Kimball Electronics in a research note on Thursday, October 9th. Zacks Research lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Lake Street Capital reiterated a “buy” rating and issued a $32.00 target price on shares of Kimball Electronics in a research report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kimball Electronics currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Price Performance

The stock has a market cap of $667.72 million, a PE ratio of 40.86, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26. The stock’s fifty day moving average is $29.67 and its 200-day moving average is $22.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.20 and a quick ratio of 1.34.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Wednesday, November 5th. The electronics maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.25. The company had revenue of $365.60 million for the quarter, compared to analyst estimates of $338.43 million. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. Kimball Electronics has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Hedge Funds Weigh In On Kimball Electronics

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Kimball Electronics by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,947,286 shares of the electronics maker’s stock valued at $58,146,000 after buying an additional 31,033 shares in the last quarter. American Century Companies Inc. boosted its holdings in Kimball Electronics by 18.6% during the 2nd quarter. American Century Companies Inc. now owns 698,414 shares of the electronics maker’s stock valued at $13,431,000 after acquiring an additional 109,553 shares during the period. Earnest Partners LLC boosted its holdings in Kimball Electronics by 10.3% during the 1st quarter. Earnest Partners LLC now owns 691,417 shares of the electronics maker’s stock valued at $11,374,000 after acquiring an additional 64,307 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Kimball Electronics by 70.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 411,921 shares of the electronics maker’s stock valued at $7,921,000 after acquiring an additional 169,735 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Kimball Electronics by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 350,253 shares of the electronics maker’s stock worth $6,735,000 after purchasing an additional 11,023 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.