Kewaunee Scientific (NASDAQ:KEQU) Stock Rating Upgraded by StockNews.com

Kewaunee Scientific (NASDAQ:KEQU) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Kewaunee Scientific Stock Performance

NASDAQ KEQU opened at $37.90 on Friday. The stock has a fifty day simple moving average of $34.92 and a 200-day simple moving average of $41.56. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48. The stock has a market cap of $108.77 million, a PE ratio of 6.08 and a beta of 0.73. Kewaunee Scientific has a twelve month low of $16.51 and a twelve month high of $55.62.

Kewaunee Scientific (NASDAQ:KEQU) last announced its earnings results on Wednesday, September 11th. The technology company reported $0.93 earnings per share for the quarter. Kewaunee Scientific had a net margin of 9.13% and a return on equity of 25.87%. The company had revenue of $48.39 million during the quarter.

Institutional Trading of Kewaunee Scientific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in shares of Kewaunee Scientific during the third quarter worth $121,000. Heron Bay Capital Management acquired a new position in Kewaunee Scientific during the 2nd quarter worth about $252,000. State Street Corp purchased a new position in Kewaunee Scientific during the 3rd quarter valued at about $266,000. Ritholtz Wealth Management grew its position in Kewaunee Scientific by 24.6% in the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock valued at $363,000 after acquiring an additional 2,156 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Kewaunee Scientific by 8.9% during the third quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock worth $792,000 after purchasing an additional 1,941 shares during the period. Hedge funds and other institutional investors own 32.69% of the company’s stock.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.