BidaskClub Upgrades Kimball Electronics (KE) to Buy

BidaskClub upgraded shares of Kimball Electronics (NASDAQ:KE) from a hold rating to a buy rating in a research report released on Wednesday.

KE traded down $0.09 during trading on Wednesday, reaching $17.93. The company’s stock had a trading volume of 62,296 shares, compared to its average volume of 52,328. Kimball Electronics has a 52-week low of $15.75 and a 52-week high of $21.15. The firm has a market capitalization of $477.46 million, a PE ratio of 15.35 and a beta of 1.04.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in Kimball Electronics by 1,128.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,251 shares of the electronics maker’s stock valued at $115,000 after purchasing an additional 5,742 shares in the last quarter. Adviser Investments LLC acquired a new stake in shares of Kimball Electronics during the 2nd quarter valued at approximately $117,000. Trexquant Investment LP acquired a new stake in shares of Kimball Electronics during the 3rd quarter valued at approximately $200,000. First Trust Advisors LP lifted its position in shares of Kimball Electronics by 18.0% during the 2nd quarter. First Trust Advisors LP now owns 30,252 shares of the electronics maker’s stock valued at $554,000 after acquiring an additional 4,611 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Kimball Electronics by 16.1% during the 2nd quarter. Raymond James & Associates now owns 37,429 shares of the electronics maker’s stock valued at $685,000 after acquiring an additional 5,183 shares during the period. 60.02% of the stock is currently owned by institutional investors.

Kimball Electronics Company Profile

Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing various electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.

Further Reading: Return on Investment (ROI)

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