Kewaunee Scientific (NASDAQ:KEQU) Rating Increased to Buy at StockNews.com

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

Kewaunee Scientific Trading Up 1.9 %

NASDAQ KEQU opened at $42.52 on Monday. The stock has a market capitalization of $122.12 million, a PE ratio of 6.83 and a beta of 0.73. The firm has a 50 day moving average of $35.59 and a two-hundred day moving average of $41.96. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.48. Kewaunee Scientific has a 52 week low of $17.01 and a 52 week high of $55.62.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KEQU. Barclays PLC purchased a new stake in Kewaunee Scientific during the 3rd quarter worth about $121,000. Heron Bay Capital Management purchased a new stake in shares of Kewaunee Scientific during the second quarter worth about $252,000. State Street Corp acquired a new position in shares of Kewaunee Scientific in the third quarter valued at approximately $266,000. Ritholtz Wealth Management lifted its stake in shares of Kewaunee Scientific by 24.6% during the third 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 period. Finally, Geode Capital Management LLC boosted its position in Kewaunee Scientific by 8.9% during the third quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock worth $792,000 after acquiring an additional 1,941 shares during the last quarter. Hedge funds and other 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.