BidaskClub Upgrades Kimball Electronics (KE) to Hold

Kimball Electronics (NASDAQ:KE) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, March 17th.

Separately, ValuEngine cut Kimball Electronics from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

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Kimball Electronics stock traded down $0.25 during mid-day trading on Friday, hitting $16.30. 44,563 shares of the company’s stock were exchanged, compared to its average volume of 82,176. Kimball Electronics has a fifty-two week low of $15.75 and a fifty-two week high of $22.45. The company has a market capitalization of $435.13, a PE ratio of 13.36 and a beta of 0.96.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Wednesday, February 7th. The electronics maker reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $258.15 million for the quarter. Kimball Electronics had a return on equity of 9.65% and a net margin of 1.66%.

Large investors have recently modified their holdings of the company. MetLife Investment Advisors LLC acquired a new position in Kimball Electronics during the fourth quarter valued at approximately $257,000. Stone Ridge Asset Management LLC acquired a new position in Kimball Electronics during the fourth quarter valued at approximately $768,000. Deutsche Bank AG raised its position in Kimball Electronics by 143.0% during the fourth quarter. Deutsche Bank AG now owns 61,379 shares of the electronics maker’s stock valued at $1,118,000 after purchasing an additional 36,121 shares in the last quarter. Jefferies Group LLC acquired a new position in Kimball Electronics during the fourth quarter valued at approximately $244,000. Finally, AWH Capital L.P. acquired a new position in Kimball Electronics during the fourth quarter valued at approximately $5,456,000. Institutional investors own 57.50% of the company’s stock.

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Kimball Electronics Company Profile

Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing durable electronics for the automotive, medical, industrial, and public safety markets primarily in the United States, China, Mexico, Poland, Romania, and Thailand. Its engineering, manufacturing, and supply chain services include design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies; industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing; assembly, production, and packaging of other related non-electronic products; supply chain services; and product life cycle management services.

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