Knowles (NYSE:KN) Reaches New 52-Week Low at $15.70

Knowles Co. (NYSE:KNGet Rating)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $15.70 and last traded at $15.71, with a volume of 8186 shares traded. The stock had previously closed at $19.07.

Wall Street Analysts Forecast Growth

KN has been the topic of a number of recent research reports. Susquehanna reaffirmed a “hold” rating and issued a $20.00 target price on shares of Knowles in a research note on Friday, April 29th. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $20.00 target price on shares of Knowles in a research note on Friday, April 29th. TheStreet lowered Knowles from a “b” rating to a “c+” rating in a research note on Wednesday, May 11th. StockNews.com lowered Knowles from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Roth Capital lowered Knowles from a “buy” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $17.00 in a research note on Wednesday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Knowles has an average rating of “Hold” and an average target price of $20.63.

Knowles Price Performance

The company has a fifty day simple moving average of $18.22 and a two-hundred day simple moving average of $19.73. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.45 and a current ratio of 2.68. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -14.15 and a beta of 1.36.

Insider Buying and Selling at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 63,830 shares of the business’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $19.07, for a total value of $1,217,238.10. Following the completion of the transaction, the senior vice president now directly owns 83,131 shares in the company, valued at approximately $1,585,308.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Jeffrey Niew sold 77,537 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $18.91, for a total value of $1,466,224.67. Following the completion of the sale, the chief executive officer now directly owns 528,590 shares in the company, valued at approximately $9,995,636.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Raymond D. Cabrera sold 63,830 shares of the stock in a transaction on Monday, May 9th. The shares were sold at an average price of $19.07, for a total value of $1,217,238.10. Following the completion of the sale, the senior vice president now owns 83,131 shares of the company’s stock, valued at $1,585,308.17. The disclosure for this sale can be found here. In the last three months, insiders sold 144,467 shares of company stock worth $2,741,898. Insiders own 3.15% of the company’s stock.

Hedge Funds Weigh In On Knowles

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. bought a new position in shares of Knowles during the first quarter worth about $42,000. Meeder Asset Management Inc. bought a new position in shares of Knowles during the first quarter worth about $43,000. Captrust Financial Advisors lifted its position in shares of Knowles by 65.5% during the first quarter. Captrust Financial Advisors now owns 3,003 shares of the communications equipment provider’s stock worth $65,000 after purchasing an additional 1,188 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Knowles by 409.7% during the second quarter. Parallel Advisors LLC now owns 3,833 shares of the communications equipment provider’s stock worth $66,000 after purchasing an additional 3,081 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Knowles by 45.7% during the second quarter. KBC Group NV now owns 7,832 shares of the communications equipment provider’s stock worth $136,000 after purchasing an additional 2,458 shares during the last quarter. 99.90% of the stock is owned by hedge funds and other institutional investors.

About Knowles

(Get Rating)

Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates in two segments, Audio and Precision Devices (PD).

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