Kimball Electronics, Inc. (NASDAQ:KE) Given Consensus Rating of “Moderate Buy” by Brokerages

Kimball Electronics, Inc. (NASDAQ:KE) has received an average rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $22.75.

Separately, Wall Street Zen upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th.

Hedge Funds Weigh In On Kimball Electronics

A number of large investors have recently made changes to their positions in KE. GAMMA Investing LLC raised its holdings in Kimball Electronics by 3,256.0% during the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker’s stock worth $69,000 after purchasing an additional 4,070 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Kimball Electronics in the fourth quarter valued at $82,000. Aquatic Capital Management LLC increased its position in shares of Kimball Electronics by 211.6% in the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker’s stock valued at $163,000 after buying an additional 5,926 shares in the last quarter. Graham Capital Management L.P. acquired a new position in shares of Kimball Electronics during the 4th quarter worth $201,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Kimball Electronics in the 1st quarter worth about $177,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Price Performance

Shares of NASDAQ KE opened at $19.19 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. The company has a market cap of $467.85 million, a price-to-earnings ratio of 59.97 and a beta of 1.19. The stock’s 50-day moving average is $16.04 and its two-hundred day moving average is $17.34. Kimball Electronics has a 1-year low of $12.41 and a 1-year high of $24.45.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. The company had revenue of $374.61 million during the quarter, compared to analysts’ expectations of $338.08 million. Analysts forecast that Kimball Electronics will post 0.89 EPS for the current fiscal year.

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.