Kewaunee Scientific (NASDAQ:KEQU) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Kewaunee Scientific Corporation (NASDAQ:KEQU)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $38.58 and traded as low as $36.53. Kewaunee Scientific shares last traded at $36.67, with a volume of 1,292 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Kewaunee Scientific in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Kewaunee Scientific Stock Down 0.9%

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.45 and a current ratio of 2.12. The stock has a market capitalization of $105.24 million, a P/E ratio of 9.86 and a beta of 0.69. The stock’s fifty day simple moving average is $36.51 and its two-hundred day simple moving average is $38.58.

Institutional Investors Weigh In On Kewaunee Scientific

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in shares of Kewaunee Scientific by 2,605.9% in the 4th quarter. Bank of America Corp DE now owns 460 shares of the technology company’s stock valued at $28,000 after purchasing an additional 443 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Kewaunee Scientific by 125.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 19,397 shares of the technology company’s stock valued at $764,000 after purchasing an additional 10,803 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Kewaunee Scientific by 65.8% in the 1st quarter. Jane Street Group LLC now owns 8,052 shares of the technology company’s stock valued at $317,000 after purchasing an additional 3,196 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Kewaunee Scientific by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 24,013 shares of the technology company’s stock valued at $1,410,000 after purchasing an additional 223 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Kewaunee Scientific by 3.4% in the 2nd quarter. First Trust Advisors LP now owns 6,726 shares of the technology company’s stock valued at $395,000 after purchasing an additional 222 shares during the last quarter. 32.69% of the stock is owned by institutional investors.

About Kewaunee Scientific

Kewaunee Scientific Corporation (NASDAQ:KEQU) is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.

The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.