Kewaunee Scientific (NASDAQ:KEQU) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Kewaunee Scientific (NASDAQ:KEQU) from a buy rating to a hold rating in a report issued on Tuesday morning.

Kewaunee Scientific Stock Performance

Shares of Kewaunee Scientific stock opened at $41.22 on Tuesday. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $36.51 and its two-hundred day moving average is $41.96. Kewaunee Scientific has a 52 week low of $22.10 and a 52 week high of $55.62. The company has a market capitalization of $118.38 million, a PE ratio of 6.62 and a beta of 0.80.

Kewaunee Scientific (NASDAQ:KEQU) last posted its quarterly earnings results on Wednesday, September 11th. The technology company reported $0.93 EPS for the quarter. The firm had revenue of $48.39 million for the quarter. Kewaunee Scientific had a net margin of 9.13% and a return on equity of 25.87%.

Institutional Trading of Kewaunee Scientific

Several institutional investors and hedge funds have recently modified their holdings of KEQU. Ritholtz Wealth Management purchased a new position in Kewaunee Scientific during the 2nd quarter worth $413,000. Heron Bay Capital Management purchased a new position in shares of Kewaunee Scientific during the second quarter valued at $252,000. Renaissance Technologies LLC raised 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. De Lisle Partners LLP lifted its stake in Kewaunee Scientific by 36.6% in the third quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock worth $1,446,000 after acquiring an additional 11,511 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Kewaunee Scientific by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after acquiring an additional 6,132 shares in the last quarter. Institutional investors own 32.69% of the company’s stock.

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.