Kewaunee Scientific (NASDAQ:KEQU) Share Price Crosses Above 200-Day Moving Average of $33.61

Shares of Kewaunee Scientific Co. (NASDAQ:KEQU) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.61 and traded as high as $47.20. Kewaunee Scientific shares last traded at $46.56, with a volume of 7,710 shares.

Analyst Ratings Changes

Several brokerages have recently commented on KEQU. TheStreet cut Kewaunee Scientific from a “b-” rating to a “c” rating in a report on Thursday, March 7th. StockNews.com upgraded Kewaunee Scientific from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 14th.

Kewaunee Scientific Stock Up 2.3 %

The company has a quick ratio of 1.76, a current ratio of 2.28 and a debt-to-equity ratio of 0.61. The company has a market cap of $132.23 million, a P/E ratio of 7.33 and a beta of 0.77. The firm has a fifty day moving average price of $39.55 and a 200 day moving average price of $33.61.

Hedge Funds Weigh In On Kewaunee Scientific

A hedge fund recently raised its stake in Kewaunee Scientific stock. Minerva Advisors LLC increased its position in shares of Kewaunee Scientific Co. (NASDAQ:KEQU) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,432 shares of the technology company’s stock after acquiring an additional 1,513 shares during the quarter. Kewaunee Scientific comprises about 2.0% of Minerva Advisors LLC’s investment portfolio, making the stock its 17th largest position. Minerva Advisors LLC owned approximately 6.01% of Kewaunee Scientific worth $2,843,000 at the end of the most recent reporting period. Institutional investors own 32.69% of the company’s stock.

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.