Kimball Electronics (NASDAQ:KE) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Kimball Electronics, Inc. (NASDAQ:KE) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $25.11 and traded as low as $24.11. Kimball Electronics shares last traded at $24.91, with a volume of 202,483 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Weiss Ratings raised Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. KeyCorp started coverage on Kimball Electronics in a research note on Thursday, July 2nd. They set a “sector weight” rating on the stock. Finally, Wall Street Zen lowered Kimball Electronics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Trading Up 1.8%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.29 and a current ratio of 2.11. The firm has a market cap of $599.09 million, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.09 and a beta of 1.22. The stock has a 50-day simple moving average of $25.11 and a two-hundred day simple moving average of $25.85.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. The company had revenue of $352.92 million for the quarter, compared to analysts’ expectations of $356.27 million. As a group, sell-side analysts anticipate that Kimball Electronics, Inc. will post 1.27 EPS for the current year.

Institutional Investors Weigh In On Kimball Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in KE. Quarry LP purchased a new stake in Kimball Electronics during the 3rd quarter valued at $28,000. Raymond James Financial Inc. purchased a new position in shares of Kimball Electronics in the 2nd quarter worth $34,000. Farther Finance Advisors LLC purchased a new position in shares of Kimball Electronics in the 4th quarter worth $35,000. CWM LLC grew its holdings in shares of Kimball Electronics by 135.2% in the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 715 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Kimball Electronics in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.

About Kimball Electronics

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.