Kewaunee Scientific (NASDAQ:KEQU) Stock Price Passes Above Two Hundred Day Moving Average of $32.74

Kewaunee Scientific Co. (NASDAQ:KEQU)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.74 and traded as high as $38.75. Kewaunee Scientific shares last traded at $38.74, with a volume of 21,459 shares traded.

Analyst Ratings Changes

KEQU has been the topic of a number of analyst reports. TheStreet lowered shares of Kewaunee Scientific from a “b-” rating to a “c” rating in a report on Thursday, March 7th. StockNews.com upgraded Kewaunee Scientific from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 14th.

Kewaunee Scientific Stock Up 8.6 %

The company has a 50-day moving average of $38.38 and a two-hundred day moving average of $32.74. The company has a market capitalization of $110.41 million, a P/E ratio of 13.00 and a beta of 0.70. The company has a quick ratio of 1.76, a current ratio of 2.28 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kewaunee Scientific stock. Minerva Advisors LLC lifted its stake in Kewaunee Scientific Co. (NASDAQ:KEQU) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,432 shares of the technology company’s stock after purchasing an additional 1,513 shares during the quarter. Kewaunee Scientific accounts for approximately 2.0% of Minerva Advisors LLC’s holdings, making the stock its 17th biggest position. Minerva Advisors LLC owned approximately 6.01% of Kewaunee Scientific worth $2,843,000 at the end of the most recent reporting period. 32.69% of the stock is owned by institutional investors.

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.