Kimball International (NASDAQ:KBAL) Cut to Sell at BidaskClub

Kimball International (NASDAQ:KBAL) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday, February 9th.

Kimball International (NASDAQ:KBAL) traded up $0.25 during mid-day trading on Friday, hitting $16.71. The company had a trading volume of 113,743 shares, compared to its average volume of 117,525. The company has a market capitalization of $633.99, a P/E ratio of 17.41 and a beta of 1.47. Kimball International has a 12-month low of $15.40 and a 12-month high of $20.97.

Kimball International (NASDAQ:KBAL) last announced its earnings results on Wednesday, January 31st. The company reported $0.31 EPS for the quarter. The business had revenue of $173.67 million during the quarter. Kimball International had a net margin of 5.41% and a return on equity of 22.51%.

Several hedge funds have recently modified their holdings of KBAL. SG Americas Securities LLC purchased a new stake in shares of Kimball International during the fourth quarter worth about $104,000. Legal & General Group Plc grew its stake in shares of Kimball International by 3.8% during the second quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock worth $168,000 after acquiring an additional 366 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Kimball International by 3.0% during the second quarter. Royal Bank of Canada now owns 11,236 shares of the company’s stock worth $187,000 after acquiring an additional 332 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Kimball International during the fourth quarter worth about $190,000. Finally, AHL Partners LLP purchased a new stake in shares of Kimball International during the second quarter worth about $193,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/17/kimball-international-kbal-lowered-to-sell-at-bidaskclub.html.

About Kimball International

Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.

Receive News & Ratings for Kimball International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimball International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply