Kewaunee Scientific (NASDAQ:KEQU) Share Price Breaks Above 50-Day Moving Average – Should You Sell?

Kewaunee Scientific Corporation (NASDAQ:KEQU) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $34.02 and traded as high as $36.55. Kewaunee Scientific shares last traded at $35.94, with a volume of 9,041 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Kewaunee Scientific in a research report on Friday, September 25th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold”.

Kewaunee Scientific Stock Up 7.6%

The business has a 50-day moving average of $34.02 and a 200 day moving average of $36.63. The company has a market capitalization of $104.23 million, a PE ratio of 13.02 and a beta of 0.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.20 and a quick ratio of 1.57.

Kewaunee Scientific (NASDAQ:KEQU) last released its quarterly earnings results on Wednesday, September 9th. The technology company reported $0.58 earnings per share for the quarter. Kewaunee Scientific had a return on equity of 11.61% and a net margin of 2.97%. The business had revenue of $66.32 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Kewaunee Scientific in the second quarter worth $425,000. De Lisle Partners LLP bought a new position in Kewaunee Scientific during the second quarter valued at $1,919,000. Finally, Punch & Associates Investment Management Inc. lifted its position in Kewaunee Scientific by 23.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 100,702 shares of the technology company’s stock valued at $3,451,000 after purchasing an additional 18,867 shares during the last quarter. 32.69% of the stock is owned by hedge funds and other institutional investors.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation (NASDAQ: KEQU) designs, manufactures and installs laboratory, healthcare and technical furniture and related infrastructure. Its product portfolio includes laboratory casework, workstations, fume hoods, sinks, storage systems, technical furniture and other specialized equipment used in research and testing environments. The company serves customers in markets including education, healthcare, pharmaceutical and biotechnology research, industrial manufacturing, government and other scientific applications.