Renaissance Technologies LLC Raises Stake in Kewaunee Scientific Co. (NASDAQ:KEQU)

Renaissance Technologies LLC boosted its holdings in shares of Kewaunee Scientific Co. (NASDAQ:KEQU) by 13.4% in the second quarter, HoldingsChannel reports. The fund owned 89,611 shares of the technology company’s stock after acquiring an additional 10,580 shares during the period. Renaissance Technologies LLC’s holdings in Kewaunee Scientific were worth $4,230,000 as of its most recent SEC filing.

Separately, Ritholtz Wealth Management bought a new stake in Kewaunee Scientific during the 2nd quarter valued at about $413,000. 32.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Kewaunee Scientific from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 28th.

Kewaunee Scientific Stock Down 0.2 %

NASDAQ:KEQU opened at $34.27 on Friday. The firm has a market cap of $97.33 million, a P/E ratio of 5.40 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.53. Kewaunee Scientific Co. has a fifty-two week low of $16.51 and a fifty-two week high of $55.62. The firm has a 50-day simple moving average of $47.34 and a two-hundred day simple moving average of $41.59.

Kewaunee Scientific (NASDAQ:KEQU) last announced its quarterly earnings results on Wednesday, June 26th. The technology company reported $1.55 EPS for the quarter. Kewaunee Scientific had a net margin of 9.13% and a return on equity of 25.87%. The firm had revenue of $56.70 million during the quarter.

About Kewaunee Scientific

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.