Kimball Electronics (NASDAQ:KE) Shares Gap Up – What’s Next?

Kimball Electronics, Inc. (NASDAQ:KE)’s stock price 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 traded.

Wall Street Analysts Forecast Growth

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

Kimball Electronics Stock Down 1.9%

The firm’s 50-day moving average price is $29.33 and its 200-day moving average price is $27.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.21 and a quick ratio of 1.34. The company has a market cap of $730.20 million, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Wednesday, November 5th. The electronics maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.25. Kimball Electronics had a net margin of 1.62% and a return on equity of 6.28%. The firm had revenue of $365.60 million during the quarter, compared to analysts’ expectations of $338.43 million. Sell-side analysts forecast that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimball Electronics

Large investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new stake in Kimball Electronics in the third quarter valued at approximately $543,000. Dynamic Technology Lab Private Ltd lifted its position in shares of Kimball Electronics by 112.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 44,054 shares of the electronics maker’s stock worth $847,000 after purchasing an additional 23,274 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Kimball Electronics by 18.6% in the second quarter. American Century Companies Inc. now owns 698,414 shares of the electronics maker’s stock valued at $13,431,000 after purchasing an additional 109,553 shares during the period. CSM Advisors LLC acquired a new stake in Kimball Electronics during the 2nd quarter valued at $4,068,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in Kimball Electronics during the 2nd quarter valued at $254,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Company Profile

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.