Stock Worth Mentioning: Kimball International Inc Just Reaches All Time High?

Stock Worth Mentioning: Kimball International Inc Just Reaches All Time High?

The stock of Kimball International Inc (NASDAQ:KBAL) reached all time high today, Nov, 29 and still has $16.59 target or 5.00% above today’s $15.80 share price. This indicates more upside for the $604.61 million company. This technical setup was reported by Barchart.com. If the $16.59 PT is reached, the company will be worth $30.23 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 130,549 shares traded hands. Kimball International Inc (NASDAQ:KBAL) has risen 38.13% since April 26, 2016 and is uptrending. It has outperformed by 32.87% the S&P500.

Analysts await Kimball International Inc (NASDAQ:KBAL) to report earnings on February, 7.

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, Inc. Announces Completion of Sale of Idaho Building and …” on September 08, 2016. Globenewswire.com‘s article titled: “Kimball International Honored with ICMA Board of Regents Corporate Recognition …” and published on July 27, 2016 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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