Kimball Electronics (NASDAQ:KE) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Kimball Electronics, Inc. (NASDAQ:KE)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $19.07 and traded as high as $19.32. Kimball Electronics shares last traded at $19.29, with a volume of 85,676 shares trading hands.

Kimball Electronics Trading Up 1.3 %

The company has a market cap of $476.08 million, a price-to-earnings ratio of 37.82 and a beta of 1.25. The company has a quick ratio of 1.30, a current ratio of 2.28 and a debt-to-equity ratio of 0.37. The business’s fifty day simple moving average is $19.07 and its two-hundred day simple moving average is $19.68.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Monday, November 4th. The electronics maker reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. The firm had revenue of $374.26 million for the quarter, compared to analyst estimates of $376.70 million. During the same period last year, the business earned $0.43 EPS. On average, equities analysts predict that Kimball Electronics, Inc. will post 0.96 EPS for the current year.

Institutional Trading of Kimball Electronics

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in shares of Kimball Electronics by 66.1% in the 2nd quarter. AQR Capital Management LLC now owns 235,844 shares of the electronics maker’s stock valued at $5,184,000 after purchasing an additional 93,831 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Kimball Electronics by 67.0% during the second quarter. Donald Smith & CO. Inc. now owns 207,604 shares of the electronics maker’s stock worth $4,563,000 after purchasing an additional 83,317 shares during the period. Grace & White Inc. NY grew its position in Kimball Electronics by 38.5% in the 3rd quarter. Grace & White Inc. NY now owns 256,777 shares of the electronics maker’s stock valued at $4,753,000 after buying an additional 71,400 shares during the last quarter. American Century Companies Inc. increased its stake in Kimball Electronics by 39.7% in the 2nd quarter. American Century Companies Inc. now owns 198,560 shares of the electronics maker’s stock valued at $4,364,000 after buying an additional 56,468 shares during the period. Finally, US Bancorp DE raised its holdings in Kimball Electronics by 230.0% during the third quarter. US Bancorp DE now owns 64,340 shares of the electronics maker’s stock worth $1,191,000 after purchasing an additional 44,843 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

About Kimball Electronics

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.