Kewaunee Scientific (NASDAQ:KEQU) Cut to “Hold” at StockNews.com

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

Kewaunee Scientific Trading Up 1.4 %

NASDAQ KEQU opened at $42.69 on Friday. The stock has a market capitalization of $122.52 million, a price-to-earnings ratio of 6.85 and a beta of 0.73. The business’s fifty day moving average is $35.18 and its 200-day moving average is $41.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.53 and a quick ratio of 2.00. Kewaunee Scientific has a one year low of $16.51 and a one year high of $55.62.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KEQU. Barclays PLC purchased a new stake in Kewaunee Scientific in the 3rd quarter worth about $121,000. Heron Bay Capital Management purchased a new position in shares of Kewaunee Scientific in the second quarter worth about $252,000. State Street Corp bought a new stake in shares of Kewaunee Scientific in the third quarter valued at approximately $266,000. Ritholtz Wealth Management raised its position in shares of Kewaunee Scientific by 24.6% in the third quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock valued at $363,000 after purchasing an additional 2,156 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Kewaunee Scientific by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock valued at $792,000 after buying an additional 1,941 shares in the last quarter. Hedge funds and other 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.