Kewaunee Scientific (NASDAQ:KEQU) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Kewaunee Scientific Corporation (NASDAQ:KEQU)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $39.74 and traded as low as $33.95. Kewaunee Scientific shares last traded at $33.9950, with a volume of 11,381 shares.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KEQU shares. Weiss Ratings restated a “hold (c)” rating on shares of Kewaunee Scientific in a research report on Thursday. Wall Street Zen lowered shares of Kewaunee Scientific from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Kewaunee Scientific has a consensus rating of “Hold”.

Kewaunee Scientific Stock Down 0.0%

The business’s 50 day simple moving average is $38.45 and its 200-day simple moving average is $39.74. The company has a market cap of $97.57 million, a price-to-earnings ratio of 9.14 and a beta of 0.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.45 and a current ratio of 2.12.

Insider Activity

In related news, CEO Thomas David Hull III sold 2,177 shares of Kewaunee Scientific stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $37.50, for a total value of $81,637.50. Following the completion of the sale, the chief executive officer owned 33,000 shares of the company’s stock, valued at approximately $1,237,500. The trade was a 6.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.30% of the company’s stock.

Institutional Investors Weigh In On Kewaunee Scientific

Several institutional investors and hedge funds have recently modified their holdings of the business. Punch & Associates Investment Management Inc. lifted its stake in shares of Kewaunee Scientific by 16.8% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 81,835 shares of the technology company’s stock valued at $3,061,000 after purchasing an additional 11,750 shares during the last quarter. Barclays PLC acquired a new stake in shares of Kewaunee Scientific in the 4th quarter valued at $92,000. State Street Corp lifted its stake in shares of Kewaunee Scientific by 4.2% in the 4th quarter. State Street Corp now owns 10,034 shares of the technology company’s stock valued at $375,000 after purchasing an additional 400 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Kewaunee Scientific by 18.0% in the 4th quarter. Royce & Associates LP now owns 46,000 shares of the technology company’s stock valued at $1,721,000 after purchasing an additional 7,010 shares during the last quarter. Finally, Minerva Advisors LLC lifted its stake in shares of Kewaunee Scientific by 51.8% in the 4th quarter. Minerva Advisors LLC now owns 121,863 shares of the technology company’s stock valued at $4,559,000 after purchasing an additional 41,589 shares during the last quarter. Institutional investors and hedge funds own 32.69% of the company’s stock.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation (NASDAQ:KEQU) is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.

The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.