Kewaunee Scientific (NASDAQ:KEQU) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Kewaunee Scientific Corporation (NASDAQ:KEQU) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $45.50 and traded as low as $38.85. Kewaunee Scientific shares last traded at $39.33, with a volume of 7,487 shares changing hands.

Analysts Set New Price Targets

KEQU has been the subject of several research reports. Wall Street Zen downgraded Kewaunee Scientific from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kewaunee Scientific in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Kewaunee Scientific Price Performance

The stock has a market cap of $112.88 million, a P/E ratio of 9.98 and a beta of 0.55. The business has a 50-day simple moving average of $38.45 and a 200 day simple moving average of $45.50. The company has a current ratio of 2.48, a quick ratio of 1.71 and a debt-to-equity ratio of 0.81.

Kewaunee Scientific (NASDAQ:KEQU) last posted its quarterly earnings data on Wednesday, December 10th. The technology company reported $0.91 EPS for the quarter. Kewaunee Scientific had a return on equity of 22.39% and a net margin of 4.11%.The company had revenue of $70.10 million for the quarter. During the same period in the prior year, the firm earned $1.01 earnings per share.

Insider Activity

In other news, CEO Thomas David Hull III sold 2,177 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $37.50, for a total value of $81,637.50. Following the sale, the chief executive officer directly owned 33,000 shares of the company’s stock, valued at approximately $1,237,500. This represents a 6.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 4,719 shares of company stock valued at $179,028. 13.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kewaunee Scientific

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new stake in Kewaunee Scientific during the 3rd quarter worth about $713,000. Punch & Associates Investment Management Inc. boosted its position in shares of Kewaunee Scientific by 61.9% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 70,085 shares of the technology company’s stock valued at $2,989,000 after purchasing an additional 26,785 shares in the last quarter. Mink Brook Asset Management LLC grew its stake in Kewaunee Scientific by 83.4% during the third quarter. Mink Brook Asset Management LLC now owns 11,571 shares of the technology company’s stock worth $494,000 after purchasing an additional 5,261 shares during the period. Minerva Advisors LLC increased its holdings in Kewaunee Scientific by 3.7% in the third quarter. Minerva Advisors LLC now owns 80,274 shares of the technology company’s stock worth $3,424,000 after purchasing an additional 2,832 shares in the last quarter. Finally, Royce & Associates LP acquired a new position in Kewaunee Scientific in the third quarter valued at approximately $1,663,000. Institutional investors and hedge funds own 32.69% of the company’s stock.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation (NASDAQ:KEQU) is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.

The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.