The stock of Kimball Electronics Inc (NASDAQ:KE) hit a new 52-week high and has $18.94 target or 7.00% above today’s $17.70 share price. The 9 months bullish chart indicates low risk for the $496.38 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $18.94 price target is reached, the company will be worth $34.75 million 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 42,223 shares traded hands. Kimball Electronics Inc (NASDAQ:KE) has risen 55.14% since April 21, 2016 and is uptrending. It has outperformed by 49.81% the S&P500.
Analysts await Kimball Electronics Inc (NASDAQ:KE) to report earnings on February, 2. They expect $0.20 earnings per share, up 25.00% or $0.04 from last year’s $0.16 per share. KE’s profit will be $5.61 million for 22.13 P/E if the $0.20 EPS becomes a reality. After $0.24 actual earnings per share reported by Kimball Electronics Inc for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.
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 increased to 1.16 in 2016 Q2. Its up 0.03, from 1.13 in 2016Q1. The ratio increased, 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.
Strs Ohio accumulated 0% or 8,700 shares. Hawk Ridge Management L P has invested 2.29% of its portfolio in Kimball Electronics Inc (NASDAQ:KE). Moreover, First Trust Advsrs L P has 0% invested in Kimball Electronics Inc (NASDAQ:KE) for 11,029 shares. Globeflex L P has 30,586 shares for 0.1% of their US portfolio. The New York-based Renaissance Techs Limited Com has invested 0.01% in Kimball Electronics Inc (NASDAQ:KE). Old Bankshares In owns 14,634 shares or 0.01% of their US portfolio. Bkd Wealth Advsr Lc accumulated 0.89% or 480,478 shares. Price T Rowe Assocs Incorporated Md holds 0% or 20,292 shares in its portfolio. Analytic Invsts Limited Liability Company owns 87,347 shares or 0.01% of their US portfolio. Ancora Advisors Limited Com last reported 147,926 shares in the company. Grace And White Incorporated Ny reported 79,287 shares or 0.22% of all its holdings. Counselors Incorporated holds 0.01% of its portfolio in Kimball Electronics Inc (NASDAQ:KE) for 15,744 shares. Teacher Retirement Systems Of Texas accumulated 4,111 shares or 0% of the stock. Babson Capital Management Ltd Company has 196,229 shares for 0.06% of their US portfolio. Manufacturers Life Company The, a Ontario – Canada-based fund reported 19,847 shares.
More 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 published the news titled: “Kimball Electronics, Inc. Reports Fourth Quarter and Fiscal Year 2016 Results” on August 03, 2016. Plasticsnews.com‘s news article titled: “Kimball Electronics buys injection molding assets” with publication date: July 21, 2016 was also an interesting one.
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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