Kewaunee Scientific (NASDAQ:KEQU) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Kewaunee Scientific Co. (NASDAQ:KEQU)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $46.53 and traded as high as $65.00. Kewaunee Scientific shares last traded at $64.30, with a volume of 17,500 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Kewaunee Scientific from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th.

Kewaunee Scientific Stock Performance

The firm has a market cap of $184.67 million, a P/E ratio of 10.19 and a beta of 0.72. The company has a quick ratio of 2.13, a current ratio of 2.64 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $54.61 and a 200-day simple moving average of $46.53.

Kewaunee Scientific (NASDAQ:KEQU) last issued its quarterly earnings results on Wednesday, December 11th. The technology company reported $1.41 earnings per share (EPS) for the quarter. Kewaunee Scientific had a net margin of 9.39% and a return on equity of 25.83%.

Insider Activity

In other news, CFO Donald T. Gardner III sold 2,049 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $58.19, for a total value of $119,231.31. Following the sale, the chief financial officer now directly owns 22,615 shares of the company’s stock, valued at approximately $1,315,966.85. This represents a 8.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Douglas J. Batdorff sold 3,470 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $65.50, for a total value of $227,285.00. Following the transaction, the vice president now owns 5,000 shares of the company’s stock, valued at $327,500. The trade was a 40.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,994 shares of company stock worth $729,430. Insiders own 14.20% of the company’s stock.

Institutional Trading of Kewaunee Scientific

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Kewaunee Scientific by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after buying an additional 6,132 shares during the last quarter. De Lisle Partners LLP increased its position in shares of Kewaunee Scientific by 36.6% during the third quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock valued at $1,446,000 after acquiring an additional 11,511 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 worth $792,000 after acquiring an additional 1,941 shares during the last quarter. Ritholtz Wealth Management lifted its position in Kewaunee Scientific by 15.6% in the 4th quarter. Ritholtz Wealth Management now owns 12,619 shares of the technology company’s stock valued at $781,000 after acquiring an additional 1,706 shares in the last quarter. Finally, State Street Corp purchased a new stake in Kewaunee Scientific during the 3rd quarter valued at $266,000. 32.69% of the stock is owned by hedge funds and other 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.