The stock of Kimball Electronics Inc (NASDAQ:KE) hit a new 52-week high and has $29.05 target or 75.00% above today’s $16.60 share price. The 5 months bullish chart indicates low risk for the $471.18 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $29.05 price target is reached, the company will be worth $353.39M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 181,998 shares traded hands or 83.09% up from the average. Kimball Electronics Inc (NASDAQ:KE) has risen 43.18% since April 11, 2016 and is uptrending. It has outperformed by 37.04% the S&P500.
According to Zacks Investment Research, “Kimball Electronics Inc. operates as a contract manufacturer of durable goods electronics. The Company specializes in durable electronics for the medical, automotive, industrial and public safety markets. It provides design, engineering, manufacturing, packaging, and distribution of electronic assemblies and circuit boards on a contract basis to a variety of industries. The Company has manufacturing operations primarily in the United States, Mexico, Thailand, Poland, and China. Kimball Electronics Inc. is headquartered in Jasper, Indiana.”
Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.55, from 1.68 in 2016Q1. The ratio dived, as 8 funds sold all Kimball Electronics Inc shares owned while 30 reduced positions. 14 funds bought stakes while 29 increased positions. They now own 15.14 million shares or 1.75% more from 14.88 million shares in 2016Q1.
Fmr Lc last reported 643,909 shares in the company. The California-based California State Teachers Retirement System has invested 0% in Kimball Electronics Inc (NASDAQ:KE). Moreover, Alexandria Limited has 0.01% invested in Kimball Electronics Inc (NASDAQ:KE) for 2,913 shares. Grace And White Ny has 79,287 shares for 0.22% of their US portfolio. Financial Counselors Inc has 0.01% invested in the company for 15,744 shares. Blackrock Group holds 0% of its portfolio in Kimball Electronics Inc (NASDAQ:KE) for 13,071 shares. Amer Intll Group Incorporated has 16,170 shares for 0% of their US portfolio. Teacher Retirement Systems Of Texas reported 4,111 shares or 0% of all its holdings. Denali Advsr Ltd Liability Corporation last reported 215 shares in the company. Strs Ohio has 0% invested in the company for 8,700 shares. Us Fincl Bank De last reported 44,641 shares in the company. Barclays Public Limited, a United Kingdom-based fund reported 75 shares. Tiaa Cref Inv Management Ltd Liability Com holds 0% or 92,078 shares in its portfolio. Springbok Cap Management Lc last reported 7,700 shares in the company. Fincl Bank Of Montreal Can accumulated 0% or 2,250 shares.
More notable recent Kimball Electronics Inc (NASDAQ:KE) news were published by: Globenewswire.com which released: “Kimball Electronics, Inc. Announces Resignation of Director Christopher B. Curtis” on September 12, 2016, also Globenewswire.com with their article: “Kimball Electronics, Inc. Reports First Quarter Fiscal Year 2017 Results” published on November 02, 2016, Plasticsnews.com published: “Kimball Electronics buys injection molding assets” on July 21, 2016. More interesting news about Kimball Electronics Inc (NASDAQ:KE) were released by: Globenewswire.com and their article: “Kimball Electronics, Inc. Announces Live Webcast of First Quarter Fiscal Year …” published on October 17, 2016 as well as Nasdaq.com‘s news article titled: “Kimball Electronics, Inc. Announces Annual Share Owners Meeting” with publication date: October 10, 2016.
KE Company Profile
Kimball Electronics, Inc. (Kimball Electronics), incorporated on July 14, 1998, is an electronics manufacturing services (EMS) company. The Firm is engaged in producing electronics for the automotive, medical, industrial and public safety markets. The Firm provides design, engineering, manufacturing, packaging, and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries. The Firm offers various engineering, manufacturing and supply chain services, such as design services; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing, which include testing of products under a series of environmental conditions; assembly, production and packaging of other related non-electronic products; supply chain services, and product life cycle management. The Firm is engaged in producing safety critical electronic assemblies for the automotive market.
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