Kewaunee Scientific (NASDAQ:KEQU) Rating Increased to Buy at 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 note issued to investors on Wednesday.

Kewaunee Scientific Trading Down 1.4 %

KEQU stock opened at $53.75 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.53 and a quick ratio of 2.00. The company has a market capitalization of $154.37 million, a PE ratio of 8.52 and a beta of 0.80. The firm’s 50-day moving average is $38.10 and its 200 day moving average is $42.25. Kewaunee Scientific has a 12 month low of $23.44 and a 12 month high of $56.95.

Institutional Trading of Kewaunee Scientific

A number of hedge funds have recently added to or reduced their stakes in KEQU. Ritholtz Wealth Management bought a new position in shares of Kewaunee Scientific during the second quarter valued at approximately $413,000. Heron Bay Capital Management bought a new position in Kewaunee Scientific in the second quarter worth approximately $252,000. Renaissance Technologies LLC lifted its holdings 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 buying an additional 10,580 shares during the period. De Lisle Partners LLP boosted its position in Kewaunee Scientific by 36.6% during the 3rd quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock valued at $1,446,000 after acquiring an additional 11,511 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Kewaunee Scientific by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock valued at $8,378,000 after acquiring an additional 6,132 shares during the period. 32.69% of the stock is owned by hedge funds and other institutional investors.

About Kewaunee Scientific

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.