Kewaunee Scientific (NASDAQ:KEQU) Cut to Hold at StockNews.com

StockNews.com lowered shares of Kewaunee Scientific (NASDAQ:KEQU) from a buy rating to a hold rating in a research report released on Tuesday.

Kewaunee Scientific Price Performance

Shares of KEQU opened at $54.00 on Tuesday. The business has a 50-day simple moving average of $37.19 and a two-hundred day simple moving average of $42.05. Kewaunee Scientific has a 12-month low of $22.50 and a 12-month high of $55.62. The stock has a market cap of $155.09 million, a PE ratio of 8.67 and a beta of 0.80. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.48.

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

Institutional Investors Weigh In On Kewaunee Scientific

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in Kewaunee Scientific by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after acquiring an additional 6,132 shares during the period. Renaissance Technologies LLC grew its stake in Kewaunee Scientific by 13.4% during the second quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock worth $4,230,000 after purchasing an additional 10,580 shares during the period. De Lisle Partners LLP increased its holdings in Kewaunee Scientific by 36.6% in the third quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock worth $1,446,000 after purchasing an additional 11,511 shares in the last quarter. Geode Capital Management LLC increased its holdings in Kewaunee Scientific by 8.9% in 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 in the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Kewaunee Scientific by 24.6% in the third quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock valued at $363,000 after buying an additional 2,156 shares during the period. Institutional investors and hedge funds 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.