Kimball Electronics (NASDAQ:KE) Shares Gap Up – Time to Buy?

Kimball Electronics, Inc. (NASDAQ:KE) shares gapped up before the market opened on Tuesday . The stock had previously closed at $24.43, but opened at $25.86. Kimball Electronics shares last traded at $26.2460, with a volume of 1,416 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KE. Wall Street Zen downgraded shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings upgraded shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Kimball Electronics from a “strong sell” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Stock Down 3.8%

The business has a fifty day simple moving average of $25.59 and a two-hundred day simple moving average of $26.75. The company has a current ratio of 2.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.22. The company has a market cap of $585.98 million, a PE ratio of 23.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $352.92 million during the quarter, compared to analysts’ expectations of $356.27 million. Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. As a group, equities research analysts predict that Kimball Electronics, Inc. will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Kimball Electronics by 806.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,710 shares of the electronics maker’s stock valued at $3,366,000 after buying an additional 100,275 shares during the period. American Century Companies Inc. grew its stake in shares of Kimball Electronics by 19.9% in the 3rd quarter. American Century Companies Inc. now owns 837,443 shares of the electronics maker’s stock valued at $25,006,000 after buying an additional 139,029 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of Kimball Electronics in the 3rd quarter valued at approximately $2,337,000. Principal Financial Group Inc. purchased a new stake in shares of Kimball Electronics in the 3rd quarter valued at approximately $913,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Kimball Electronics in the 3rd quarter valued at approximately $6,846,000. Hedge funds and other institutional investors 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.