Kewaunee Scientific (NASDAQ:KEQU) Shares Cross Below Two Hundred Day Moving Average of $17.41

Kewaunee Scientific Co. (NASDAQ:KEQU – Get Rating)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.41 and traded as low as $16.30. Kewaunee Scientific shares last traded at $16.30, with a volume of 700 shares trading hands.

Kewaunee Scientific Price Performance

The stock has a market capitalization of $46.13 million, a price-to-earnings ratio of -16.98 and a beta of 0.30. The company has a current ratio of 2.11, a quick ratio of 1.54 and a debt-to-equity ratio of 0.82. The stock has a 50-day simple moving average of $16.19 and a 200 day simple moving average of $17.41.

Kewaunee Scientific (NASDAQ:KEQU – Get Rating) last announced its quarterly earnings data on Wednesday, December 7th. The technology company reported ($0.09) EPS for the quarter. Kewaunee Scientific had a negative return on equity of 7.49% and a negative net margin of 1.37%. The business had revenue of $54.56 million for the quarter.

Institutional Investors Weigh In On Kewaunee Scientific

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its position in Kewaunee Scientific by 0.7% during the 2nd quarter. Renaissance Technologies LLC now owns 98,111 shares of the technology company’s stock worth $1,631,000 after acquiring an additional 700 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Kewaunee Scientific by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 185,989 shares of the technology company’s stock valued at $3,273,000 after buying an additional 742 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Kewaunee Scientific by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 126,581 shares of the technology company’s stock valued at $1,836,000 after buying an additional 1,683 shares during the last quarter. 34.35% of the stock is currently owned by institutional investors and hedge funds.

Kewaunee Scientific Company Profile

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Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. It operates through two segments, Domestic and International. The company's products include steel, wood, laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services.