Kimball Electronics (NASDAQ:KE) Shares Gap Up – Still a Buy?

Kimball Electronics, Inc. (NASDAQ:KE) gapped up prior to trading on Friday . The stock had previously closed at $29.05, but opened at $30.12. Kimball Electronics shares last traded at $30.2450, with a volume of 7,835 shares.

Analyst Ratings Changes

KE has been the topic of several research analyst reports. Lake Street Capital restated a “buy” rating and issued a $32.00 price objective on shares of Kimball Electronics in a research report on Friday, November 7th. Zacks Research cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen raised shares of Kimball Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a report on Friday, January 9th. Finally, B. Riley reiterated a “buy” rating on shares of Kimball Electronics in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Stock Down 1.2%

The company has a current ratio of 2.21, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $29.39 and a two-hundred day simple moving average of $27.74. The company has a market cap of $735.31 million, a PE ratio of 31.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.15.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Wednesday, November 5th. The electronics maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.25. The business had revenue of $365.60 million during the quarter, compared to analysts’ expectations of $338.43 million. Kimball Electronics had a net margin of 1.62% and a return on equity of 6.28%. As a group, equities research analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Kimball Electronics in the third quarter valued at approximately $28,000. State of Alaska Department of Revenue purchased a new stake in Kimball Electronics in the 3rd quarter valued at $31,000. CWM LLC grew its holdings in Kimball Electronics by 135.2% in the 4th quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after buying an additional 715 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Kimball Electronics in the 4th quarter worth $35,000. Finally, IFP Advisors Inc purchased a new position in shares of Kimball Electronics during the 3rd quarter worth $48,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.

About Kimball Electronics

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.