Kewaunee Scientific (NASDAQ:KEQU) Upgraded by StockNews.com to “Buy” Rating

Kewaunee Scientific (NASDAQ:KEQU) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Kewaunee Scientific Stock Performance

NASDAQ KEQU opened at $53.75 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.53 and a quick ratio of 2.00. Kewaunee Scientific has a 1-year low of $23.44 and a 1-year high of $56.95. The business has a 50 day simple moving average of $38.10 and a two-hundred day simple moving average of $42.25. The stock has a market capitalization of $154.37 million, a PE ratio of 8.52 and a beta of 0.80.

Hedge Funds Weigh In On Kewaunee Scientific

Institutional investors and hedge funds have recently modified their holdings of the stock. Ritholtz Wealth Management bought a new stake in Kewaunee Scientific in the second quarter worth $413,000. Dimensional Fund Advisors LP lifted its holdings in shares of Kewaunee Scientific by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after acquiring an additional 6,132 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Kewaunee Scientific by 13.4% during the 2nd quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock worth $4,230,000 after purchasing an additional 10,580 shares during the period. Heron Bay Capital Management bought a new position in Kewaunee Scientific during the 2nd quarter valued at about $252,000. Finally, De Lisle Partners LLP grew its holdings in Kewaunee Scientific by 36.6% during the 3rd quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock valued at $1,446,000 after purchasing an additional 11,511 shares during the last quarter. Hedge funds and other institutional investors own 32.69% of the company’s stock.

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.