Kewaunee Scientific (NASDAQ:KEQU) Share Price Breaks Above 50-Day Moving Average – Should You Sell?

Kewaunee Scientific Corporation (NASDAQ:KEQU) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $34.02 and traded as high as $36.55. Kewaunee Scientific shares last traded at $35.94, with a volume of 9,041 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kewaunee Scientific in a report on Friday, September 25th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Kewaunee Scientific Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 2.20 and a quick ratio of 1.57. The firm has a market cap of $104.23 million, a P/E ratio of 13.02 and a beta of 0.82. The stock’s 50-day simple moving average is $34.02 and its two-hundred day simple moving average is $36.63.

Kewaunee Scientific (NASDAQ:KEQU) last announced its earnings results on Wednesday, September 9th. The technology company reported $0.58 earnings per share for the quarter. The business had revenue of $66.32 million for the quarter. Kewaunee Scientific had a net margin of 2.97% and a return on equity of 11.61%.

Hedge Funds Weigh In On Kewaunee Scientific

Several hedge funds have recently added to or reduced their stakes in KEQU. Punch & Associates Investment Management Inc. purchased a new stake in Kewaunee Scientific in the 2nd quarter worth about $3,749,000. De Lisle Partners LLP bought a new stake in Kewaunee Scientific in the second quarter worth about $1,919,000. Finally, BlackRock Inc. bought a new stake in Kewaunee Scientific in the second quarter worth about $425,000. 32.69% of the stock is currently owned by institutional investors.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation (NASDAQ: KEQU) designs, manufactures and installs laboratory, healthcare and technical furniture and related infrastructure. Its product portfolio includes laboratory casework, workstations, fume hoods, sinks, storage systems, technical furniture and other specialized equipment used in research and testing environments. The company serves customers in markets including education, healthcare, pharmaceutical and biotechnology research, industrial manufacturing, government and other scientific applications.