Knowles (NYSE:KN) Sees Strong Trading Volume

Shares of Knowles Co. (NYSE:KN) saw strong trading volume on Friday . 207,430 shares were traded during trading, a decline of 62% from the previous session’s volume of 539,823 shares.The stock last traded at $17.04 and had previously closed at $16.79.

Knowles Price Performance

The company has a market cap of $1.55 billion, a P/E ratio of 19.61 and a beta of 1.45. The company has a fifty day simple moving average of $17.10 and a 200-day simple moving average of $16.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.75 and a quick ratio of 1.55.

Knowles (NYSE:KN) last posted its quarterly earnings results on Wednesday, May 1st. The communications equipment provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Knowles had a net margin of 10.54% and a return on equity of 5.98%. The company had revenue of $196.40 million for the quarter.

Insider Buying and Selling

In other Knowles news, Director Keith Barnes sold 5,186 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $17.45, for a total transaction of $90,495.70. Following the completion of the transaction, the director now owns 92,917 shares of the company’s stock, valued at approximately $1,621,401.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KN. HighTower Advisors LLC acquired a new position in Knowles in the third quarter worth about $283,000. Deutsche Bank AG grew its stake in Knowles by 14.1% during the third quarter. Deutsche Bank AG now owns 47,710 shares of the communications equipment provider’s stock worth $707,000 after buying an additional 5,895 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Knowles during the third quarter worth about $244,000. Qube Research & Technologies Ltd bought a new stake in Knowles during the third quarter worth about $2,386,000. Finally, Teza Capital Management LLC grew its stake in shares of Knowles by 58.8% during the third quarter. Teza Capital Management LLC now owns 17,660 shares of the communications equipment provider’s stock valued at $262,000 after purchasing an additional 6,537 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

About Knowles

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).