Kimball Electronics (NASDAQ:KE) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Kimball Electronics, Inc. (NASDAQ:KE)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $25.57 and traded as high as $26.84. Kimball Electronics shares last traded at $25.95, with a volume of 148,908 shares traded.

Analysts Set New Price Targets

Several research analysts have issued reports on KE shares. Zacks Research downgraded shares of Kimball Electronics from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $32.00.

Kimball Electronics Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.29. The company’s 50 day moving average is $25.57 and its 200 day moving average is $26.80. The stock has a market cap of $624.10 million, a price-to-earnings ratio of 24.95, a PEG ratio of 0.93 and a beta of 1.22.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $352.92 million during the quarter, compared to analyst estimates of $356.27 million. Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. Research analysts forecast that Kimball Electronics, Inc. will post 1.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in Kimball Electronics by 122.8% during the first quarter. Parallel Advisors LLC now owns 2,324 shares of the electronics maker’s stock worth $55,000 after acquiring an additional 1,281 shares during the last quarter. NewEdge Advisors LLC raised its position in Kimball Electronics by 74.6% during the first quarter. NewEdge Advisors LLC now owns 187,186 shares of the electronics maker’s stock worth $4,434,000 after acquiring an additional 80,000 shares during the last quarter. Empowered Funds LLC raised its position in Kimball Electronics by 82.7% during the first quarter. Empowered Funds LLC now owns 215,283 shares of the electronics maker’s stock worth $5,100,000 after acquiring an additional 97,459 shares during the last quarter. Quantinno Capital Management LP raised its position in Kimball Electronics by 2.4% during the first quarter. Quantinno Capital Management LP now owns 31,578 shares of the electronics maker’s stock worth $748,000 after acquiring an additional 734 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in Kimball Electronics by 13.8% during the first quarter. Lazard Asset Management LLC now owns 164,519 shares of the electronics maker’s stock worth $3,897,000 after acquiring an additional 19,973 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.