BidaskClub Downgrades Kimball Electronics (KE) to Hold

Kimball Electronics (NASDAQ:KE) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Separately, ValuEngine downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Shares of Kimball Electronics (NASDAQ KE) traded up $0.05 on Wednesday, hitting $18.90. 35,400 shares of the stock traded hands, compared to its average volume of 51,200. Kimball Electronics has a 1-year low of $15.05 and a 1-year high of $22.45. The stock has a market capitalization of $505.91, a P/E ratio of 15.88 and a beta of 0.93.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Wednesday, November 1st. The electronics maker reported $0.31 earnings per share for the quarter. Kimball Electronics had a net margin of 3.40% and a return on equity of 9.63%. The business had revenue of $253.20 million for the quarter.

Hedge funds have recently bought and sold shares of the stock. Valeo Financial Advisors LLC purchased a new position in Kimball Electronics in the 3rd quarter worth about $3,750,000. Trust Investment Advisors bought a new position in Kimball Electronics during the 3rd quarter worth about $1,429,000. AJO LP bought a new position in Kimball Electronics during the 2nd quarter worth about $3,879,000. LSV Asset Management grew its holdings in Kimball Electronics by 280.4% during the 2nd quarter. LSV Asset Management now owns 491,983 shares of the electronics maker’s stock worth $8,880,000 after acquiring an additional 362,655 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Kimball Electronics by 5.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 272,292 shares of the electronics maker’s stock worth $5,894,000 after acquiring an additional 15,176 shares in the last quarter. 56.63% of the stock is currently owned by institutional investors.

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Kimball Electronics Company Profile

Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.

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