The stock of Kimball Electronics Inc (NASDAQ:KE) hit a new 52-week high and has $18.95 target or 5.00% above today’s $18.05 share price. The 7 months bullish chart indicates low risk for the $501.69M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $18.95 price target is reached, the company will be worth $25.08 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 147,357 shares traded hands or 24.57% up from the average. Kimball Electronics Inc (NASDAQ:KE) has risen 59.80% since April 25, 2016 and is uptrending. It has outperformed by 53.79% 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 $5.56 million for 22.56 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 Q2 2016. 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.
Morgan Dempsey Mgmt Limited Company holds 169,821 shares or 0.72% of its portfolio. Alliancebernstein L P owns 12,184 shares or 0% of their US portfolio. Dimensional Fund Advisors Limited Partnership last reported 2.06M shares in the company. Cornerstone Capital Mgmt Ltd Co accumulated 50,600 shares or 0.01% of the stock. Amer Group Incorporated Inc last reported 0% of its portfolio in the stock. Barclays Public Limited Com has 75 shares for 0% of their US portfolio. Citigroup reported 4,689 shares or 0% of all its holdings. Fincl Counselors Inc accumulated 15,744 shares or 0.01% of the stock. Price T Rowe Assocs Md has invested 0% of its portfolio in Kimball Electronics Inc (NASDAQ:KE). Ancora Ltd Liability holds 0.21% or 147,926 shares in its portfolio. D E Shaw & last reported 35,163 shares in the company. Spark Invest Ltd Limited Liability Company accumulated 0.04% or 36,400 shares. The New York-based Morgan Stanley has invested 0% in Kimball Electronics Inc (NASDAQ:KE). Jpmorgan Chase has invested 0% of its portfolio in Kimball Electronics Inc (NASDAQ:KE). Invesco Ltd reported 30,009 shares or 0% of all its holdings.
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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