Kimball Electronics (NASDAQ:KE) Hits New 52-Week Low at $19.61

Kimball Electronics, Inc. (NASDAQ:KE)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $19.61 and last traded at $20.14, with a volume of 40174 shares changing hands. The stock had previously closed at $20.94.

Kimball Electronics Trading Down 0.8 %

The company has a market cap of $501.61 million, a price-to-earnings ratio of 15.76 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 2.03. The business’s 50 day moving average price is $22.28 and its 200-day moving average price is $22.01.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, May 7th. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). Kimball Electronics had a net margin of 1.81% and a return on equity of 8.70%. The business had revenue of $425.04 million during the quarter, compared to analyst estimates of $448.20 million. On average, research analysts forecast that Kimball Electronics, Inc. will post 1.53 EPS for the current year.

Institutional Investors Weigh In On Kimball Electronics

Large investors have recently made changes to their positions in the company. Foundry Partners LLC grew its holdings in shares of Kimball Electronics by 25.2% in the 1st quarter. Foundry Partners LLC now owns 197,225 shares of the electronics maker’s stock worth $4,270,000 after purchasing an additional 39,755 shares during the last quarter. Empowered Funds LLC grew its holdings in Kimball Electronics by 70.2% during the 1st quarter. Empowered Funds LLC now owns 54,864 shares of the electronics maker’s stock worth $1,188,000 after acquiring an additional 22,625 shares during the last quarter. Oxford Financial Group LTD. LLC grew its holdings in Kimball Electronics by 35.4% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 463,536 shares of the electronics maker’s stock worth $12,492,000 after acquiring an additional 121,076 shares during the last quarter. Grace & White Inc. NY grew its holdings in Kimball Electronics by 16.9% during the 4th quarter. Grace & White Inc. NY now owns 142,638 shares of the electronics maker’s stock worth $3,844,000 after acquiring an additional 20,570 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its holdings in Kimball Electronics by 5.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 368,343 shares of the electronics maker’s stock worth $9,927,000 after acquiring an additional 19,234 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.

About Kimball Electronics

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.