Kewaunee Scientific Co. (NASDAQ:KEQU) Short Interest Update

Kewaunee Scientific Co. (NASDAQ:KEQU) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 10,100 shares, a growth of 7.4% from the May 15th total of 9,400 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 11,700 shares, the short-interest ratio is presently 0.9 days.

Insider Transactions at Kewaunee Scientific

In other news, VP Elizabeth D. Phillips sold 3,277 shares of Kewaunee Scientific stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $32.50, for a total transaction of $106,502.50. Following the completion of the sale, the vice president now directly owns 10,263 shares of the company’s stock, valued at approximately $333,547.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kewaunee Scientific

A hedge fund recently raised its stake in Kewaunee Scientific stock. Minerva Advisors LLC boosted its stake in shares of Kewaunee Scientific Co. (NASDAQ:KEQU) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,432 shares of the technology company’s stock after purchasing an additional 1,513 shares during the period. Kewaunee Scientific comprises 2.0% of Minerva Advisors LLC’s portfolio, making the stock its 17th largest holding. Minerva Advisors LLC owned about 6.01% of Kewaunee Scientific worth $2,843,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 32.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KEQU shares. TheStreet downgraded shares of Kewaunee Scientific from a “b-” rating to a “c” rating in a report on Thursday, March 7th. StockNews.com upgraded shares of Kewaunee Scientific from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 14th.

Kewaunee Scientific Price Performance

KEQU stock opened at $39.50 on Tuesday. Kewaunee Scientific has a 12-month low of $14.56 and a 12-month high of $45.00. The company has a current ratio of 2.28, a quick ratio of 1.76 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $38.22 and its two-hundred day moving average price is $31.99. The stock has a market capitalization of $112.58 million, a price-to-earnings ratio of 13.26 and a beta of 0.70.

Kewaunee Scientific Company Profile

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.