Kewaunee Scientific (NASDAQ:KEQU) Upgraded at StockNews.com

StockNews.com upgraded shares of Kewaunee Scientific (NASDAQ:KEQU) from a buy rating to a strong-buy rating in a report published on Saturday.

Kewaunee Scientific Stock Performance

Shares of KEQU opened at $49.97 on Friday. The firm has a market capitalization of $141.91 million, a P/E ratio of 7.87 and a beta of 0.77. Kewaunee Scientific has a 52 week low of $15.25 and a 52 week high of $55.62. The stock has a 50 day moving average price of $46.28 and a two-hundred day moving average price of $38.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.76 and a current ratio of 2.28.

Kewaunee Scientific (NASDAQ:KEQU) last announced its quarterly earnings results on Wednesday, June 26th. The technology company reported $1.55 earnings per share (EPS) for the quarter. Kewaunee Scientific had a return on equity of 28.58% and a net margin of 9.20%. The business had revenue of $56.70 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KEQU. Dimensional Fund Advisors LP increased its stake in Kewaunee Scientific by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock valued at $8,378,000 after buying an additional 6,132 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Kewaunee Scientific by 13.4% in the second quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock valued at $4,230,000 after acquiring an additional 10,580 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Kewaunee Scientific during the second quarter valued at approximately $413,000. Finally, Heron Bay Capital Management purchased a new stake in shares of Kewaunee Scientific during the second quarter valued at approximately $252,000. 32.69% of the stock is owned by institutional investors.

About Kewaunee Scientific

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.