Kimball Electronics (KE) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of Kimball Electronics (NASDAQ:KE) from a hold rating to a sell rating in a research note released on Thursday.

Separately, TheStreet lowered Kimball Electronics from a b rating to a c+ rating in a research note on Wednesday, November 7th.

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NASDAQ KE traded up $0.07 during trading on Thursday, hitting $15.57. 687 shares of the stock traded hands, compared to its average volume of 68,975. The stock has a market capitalization of $420.23 million, a PE ratio of 14.69 and a beta of 1.03. Kimball Electronics has a 12-month low of $13.51 and a 12-month high of $20.90.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Wednesday, February 6th. The electronics maker reported $0.26 earnings per share for the quarter. Kimball Electronics had a return on equity of 8.36% and a net margin of 2.59%. The business had revenue of $284.15 million during the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC grew its stake in Kimball Electronics by 10.0% during the 3rd quarter. Ancora Advisors LLC now owns 373,620 shares of the electronics maker’s stock worth $7,342,000 after buying an additional 33,827 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Kimball Electronics by 6.7% in the 3rd quarter. Wells Fargo & Company MN now owns 68,586 shares of the electronics maker’s stock worth $1,349,000 after purchasing an additional 4,320 shares during the period. BlackRock Inc. raised its holdings in Kimball Electronics by 1.0% in the 3rd quarter. BlackRock Inc. now owns 1,763,541 shares of the electronics maker’s stock worth $34,652,000 after purchasing an additional 17,045 shares during the period. Royce & Associates LP raised its holdings in Kimball Electronics by 21.3% in the 3rd quarter. Royce & Associates LP now owns 480,136 shares of the electronics maker’s stock worth $9,435,000 after purchasing an additional 84,411 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Kimball Electronics by 28.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 86,805 shares of the electronics maker’s stock worth $1,706,000 after purchasing an additional 19,226 shares during the period. 59.97% of the stock is owned by hedge funds and other institutional investors.

About Kimball Electronics

Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing various electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.

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