Kimball Electronics, Inc. (NASDAQ:KE) Short Interest Up 52.0% in February

Kimball Electronics, Inc. (NASDAQ:KEGet Free Report) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 301,200 shares, an increase of 52.0% from the January 31st total of 198,200 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 109,000 shares, the days-to-cover ratio is currently 2.8 days.

Wall Street Analyst Weigh In

KE has been the topic of a number of recent analyst reports. B. Riley decreased their target price on Kimball Electronics from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Cantor Fitzgerald lowered their target price on Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, February 7th.

Read Our Latest Report on KE

Kimball Electronics Stock Down 1.2 %

Shares of Kimball Electronics stock traded down $0.26 on Friday, hitting $22.25. The company had a trading volume of 132,572 shares, compared to its average volume of 181,483. The stock has a 50 day moving average of $23.74 and a 200-day moving average of $25.63. The stock has a market capitalization of $553.36 million, a price-to-earnings ratio of 10.25 and a beta of 1.32. Kimball Electronics has a 1 year low of $19.52 and a 1 year high of $31.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 1.97.

Kimball Electronics (NASDAQ:KEGet Free Report) last posted its earnings results on Monday, February 5th. The electronics maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The company had revenue of $421.24 million for the quarter, compared to analysts’ expectations of $435.60 million. Kimball Electronics had a net margin of 2.97% and a return on equity of 10.37%. As a group, sell-side analysts forecast that Kimball Electronics will post 1.6 earnings per share for the current year.

Institutional Investors Weigh In On Kimball Electronics

Several hedge funds have recently bought and sold shares of KE. First Eagle Investment Management LLC lifted its stake in shares of Kimball Electronics by 178.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 224,024 shares of the electronics maker’s stock valued at $6,134,000 after acquiring an additional 143,523 shares during the last quarter. Algert Global LLC bought a new stake in shares of Kimball Electronics during the 3rd quarter valued at $856,000. Royce & Associates LP grew its position in shares of Kimball Electronics by 0.4% in the 2nd quarter. Royce & Associates LP now owns 868,551 shares of the electronics maker’s stock worth $23,998,000 after buying an additional 3,218 shares during the period. Linden Thomas Advisory Services LLC increased its stake in shares of Kimball Electronics by 14.6% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 9,580 shares of the electronics maker’s stock worth $262,000 after acquiring an additional 1,224 shares in the last quarter. Finally, Cardinal Capital Management lifted its position in Kimball Electronics by 2.4% during the 3rd quarter. Cardinal Capital Management now owns 45,739 shares of the electronics maker’s stock valued at $1,252,000 after acquiring an additional 1,071 shares during the period. 70.56% of the stock is currently owned by institutional investors.

Kimball Electronics Company Profile

(Get Free Report)

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.

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