Kewaunee Scientific (NASDAQ:KEQU) Upgraded at StockNews.com

StockNews.com upgraded shares of Kewaunee Scientific (NASDAQ:KEQU) from a hold rating to a buy rating in a report published on Saturday morning.

Kewaunee Scientific Stock Performance

Shares of Kewaunee Scientific stock opened at $36.61 on Friday. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $34.92 and a two-hundred day moving average price of $41.60. Kewaunee Scientific has a 1-year low of $16.51 and a 1-year high of $55.62. The company has a market cap of $105.07 million, a P/E ratio of 6.08 and a beta of 0.73.

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

Hedge Funds Weigh In On Kewaunee Scientific

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC bought a new position in Kewaunee Scientific in the 3rd quarter valued at about $121,000. Heron Bay Capital Management bought a new position in Kewaunee Scientific in the 2nd quarter valued at about $252,000. State Street Corp bought a new position in Kewaunee Scientific in the 3rd quarter valued at about $266,000. Ritholtz Wealth Management increased its stake in Kewaunee Scientific by 24.6% in the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock valued at $363,000 after buying an additional 2,156 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Kewaunee Scientific by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock valued at $792,000 after buying an additional 1,941 shares during the last quarter. Institutional investors own 32.69% of the company’s stock.

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.