Kewaunee Scientific (NASDAQ:KEQU) Issues Quarterly Earnings Results

Kewaunee Scientific (NASDAQ:KEQU) released its earnings results on Tuesday. The technology company reported $999.00 earnings per share for the quarter, Zacks reports. Kewaunee Scientific had a return on equity of 18.09% and a net margin of 3.85%.

Kewaunee Scientific Price Performance

Shares of NASDAQ KEQU traded down $1.33 during midday trading on Tuesday, reaching $35.73. 13,786 shares of the company were exchanged, compared to its average volume of 4,655. The stock’s 50-day moving average price is $37.70 and its 200-day moving average price is $38.09. The stock has a market cap of $102.55 million, a P/E ratio of 9.60 and a beta of 0.70. Kewaunee Scientific has a one year low of $33.70 and a one year high of $60.89. The company has a quick ratio of 1.45, a current ratio of 2.12 and a debt-to-equity ratio of 0.58.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Kewaunee Scientific by 2,605.9% during the 4th quarter. Bank of America Corp DE now owns 460 shares of the technology company’s stock valued at $28,000 after acquiring an additional 443 shares in the last quarter. US Bancorp DE increased its holdings in Kewaunee Scientific by 80.0% in the 3rd quarter. US Bancorp DE now owns 900 shares of the technology company’s stock worth $38,000 after purchasing an additional 400 shares in the last quarter. Raymond James Financial Inc. bought a new position in Kewaunee Scientific in the second quarter valued at about $60,000. Barclays PLC bought a new position in Kewaunee Scientific in the fourth quarter valued at about $92,000. Finally, Mink Brook Asset Management LLC acquired a new stake in shares of Kewaunee Scientific during the second quarter valued at about $370,000. 32.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Kewaunee Scientific in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Kewaunee Scientific has a consensus rating of “Hold”.

About Kewaunee Scientific

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.