Kewaunee Scientific (NASDAQ:KEQU) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Kewaunee Scientific (NASDAQ:KEQU) from a buy rating to a hold rating in a research report released on Friday morning.

Kewaunee Scientific Trading Up 1.7 %

Shares of Kewaunee Scientific stock opened at $37.71 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.48. The firm has a market cap of $108.23 million, a price-to-earnings ratio of 6.05 and a beta of 0.73. The business has a fifty day simple moving average of $36.38 and a 200-day simple moving average of $41.48. Kewaunee Scientific has a fifty-two week low of $16.51 and a fifty-two week high of $55.62.

Kewaunee Scientific (NASDAQ:KEQU) last announced its earnings results on Wednesday, September 11th. The technology company reported $0.93 EPS for the quarter. Kewaunee Scientific had a return on equity of 25.87% and a net margin of 9.13%. The business had revenue of $48.39 million during the quarter.

Institutional Trading of Kewaunee Scientific

Several large investors have recently made changes to their positions in KEQU. Ritholtz Wealth Management bought a new stake in shares of Kewaunee Scientific during the 2nd quarter worth about $413,000. Dimensional Fund Advisors LP boosted its stake in shares of Kewaunee Scientific by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after acquiring an additional 6,132 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Kewaunee Scientific by 13.4% during the 2nd quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock valued at $4,230,000 after purchasing an additional 10,580 shares during the period. Finally, Heron Bay Capital Management bought a new stake in Kewaunee Scientific during the 2nd quarter valued at approximately $252,000. Institutional investors own 32.69% of the company’s stock.

About Kewaunee Scientific

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.