Kimball Electronics, Inc. (NASDAQ:KE – Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 514,200 shares, a growth of 13.0% from the September 15th total of 455,000 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily volume of 124,900 shares, the short-interest ratio is presently 4.1 days.
Kimball Electronics Price Performance
Shares of Kimball Electronics stock opened at $18.54 on Thursday. The company has a quick ratio of 1.36, a current ratio of 2.26 and a debt-to-equity ratio of 0.43. The company has a market cap of $461.07 million, a PE ratio of 14.48 and a beta of 1.26. The business has a 50 day moving average of $18.11 and a 200 day moving average of $20.63. Kimball Electronics has a 52 week low of $16.64 and a 52 week high of $27.73.
Kimball Electronics (NASDAQ:KE – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.08). The firm had revenue of $430.16 million during the quarter, compared to analysts’ expectations of $429.00 million. Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. During the same period in the previous year, the company earned $0.76 earnings per share. As a group, equities research analysts forecast that Kimball Electronics will post 1.17 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on KE
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of KE. nVerses Capital LLC bought a new position in Kimball Electronics in the third quarter valued at about $48,000. SG Americas Securities LLC lifted its holdings in Kimball Electronics by 78.5% in the third quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker’s stock valued at $162,000 after acquiring an additional 3,849 shares during the period. Hsbc Holdings PLC bought a new position in Kimball Electronics in the second quarter valued at about $210,000. The Manufacturers Life Insurance Company bought a new position in Kimball Electronics in the second quarter valued at about $217,000. Finally, Creative Planning bought a new position in shares of Kimball Electronics in the third quarter worth about $219,000. 75.99% of the stock is owned by institutional investors.
Kimball Electronics Company Profile
Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.
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