Kimball Electronics, Inc. (NASDAQ:KE) Short Interest Update

Kimball Electronics, Inc. (NASDAQ:KEGet Free Report) saw a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 498,900 shares, a decline of 16.0% from the May 15th total of 594,200 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 101,700 shares, the days-to-cover ratio is currently 4.9 days.

Kimball Electronics Stock Up 0.9 %

Shares of NASDAQ:KE traded up $0.19 during trading on Monday, hitting $22.16. 67,133 shares of the company were exchanged, compared to its average volume of 112,611. The stock has a market capitalization of $551.12 million, a P/E ratio of 17.31 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.03 and a quick ratio of 1.12. Kimball Electronics has a 12-month low of $19.62 and a 12-month high of $31.43. The firm’s 50 day moving average price is $21.87 and its 200-day moving average price is $22.82.

Kimball Electronics (NASDAQ:KEGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The electronics maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). Kimball Electronics had a net margin of 1.81% and a return on equity of 8.70%. On average, research analysts predict that Kimball Electronics will post 1.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

Institutional investors have recently bought and sold shares of the company. Grace & White Inc. NY increased its stake in Kimball Electronics by 16.9% in the 4th quarter. Grace & White Inc. NY now owns 142,638 shares of the electronics maker’s stock valued at $3,844,000 after buying an additional 20,570 shares during the period. Oxford Financial Group LTD. LLC increased its holdings in shares of Kimball Electronics by 35.4% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 463,536 shares of the electronics maker’s stock valued at $12,492,000 after purchasing an additional 121,076 shares in the last quarter. Algert Global LLC purchased a new position in shares of Kimball Electronics in the 3rd quarter valued at about $856,000. Pacific Ridge Capital Partners LLC increased its holdings in shares of Kimball Electronics by 5.5% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 368,343 shares of the electronics maker’s stock valued at $9,927,000 after purchasing an additional 19,234 shares in the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of Kimball Electronics in the 4th quarter valued at about $8,761,000. 75.99% of the stock is owned by institutional investors and hedge funds.

About Kimball Electronics

(Get Free Report)

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.

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