The stock of Kimball International Inc (NASDAQ:KBAL) hit a new 52-week high and has $16.74 target or 8.00% above today’s $15.50 share price. The 9 months bullish chart indicates low risk for the $587.89 million company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $16.74 price target is reached, the company will be worth $47.03M 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 52,724 shares traded hands. Kimball International Inc (NASDAQ:KBAL) has risen 35.30% since April 20, 2016 and is uptrending. It has outperformed by 30.75% the S&P500.
According to Zacks Investment Research, “Kimball International, Inc. is a manufacturer of design driven, technology savvy, furnishings. The company provides solutions for the workplace, learning, healing and hospitality environments. Its brand consists of National Office Furniture, Kimball Office and Kimball Hospitality. Kimball International, Inc. is based in Jasper, United States.”
More news for Kimball International Inc (NASDAQ:KBAL) were recently published by: Globenewswire.com, which released: “Kimball International Honored with ICMA Board of Regents Corporate Recognition …” on July 27, 2016. Businesswire.com‘s article titled: “Kimball International, Inc. Announces Additional Enhancement to Corporate …” and published on June 29, 2015 is yet another important article.
KBAL Company Profile
Kimball International, Inc., incorporated on August 24, 1939, creates design driven furnishings. The Firm sells a portfolio of furniture services and products under three brands, which include Kimball Office, National Office Furniture and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing and hospitality environments. The Firm offers products designed specifically for the healthcare market, such as patient room and lounge seating, and casegoods. The Firm also has a trucking fleet and customer fulfillment centers to facilitate delivery of products. As of June 30, 2016, the Company, in the United States, had manufacturing facilities and showrooms in nine states and the District of Columbia. As of June 30, 2016, the Company’s products were produced at 10 plants, including seven located in Indiana, two in Kentucky, and one in Virginia.
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