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

Kewaunee Scientific (NASDAQ:KEQU) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Kewaunee Scientific Price Performance

Shares of NASDAQ:KEQU opened at $37.09 on Friday. 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 has a fifty-two week low of $16.51 and a fifty-two week high of $55.62. The firm has a 50-day simple moving average of $36.70 and a 200 day simple moving average of $41.43. The company has a market cap of $106.52 million, a PE ratio of 5.95 and a beta of 0.73.

Kewaunee Scientific (NASDAQ:KEQU) last announced its quarterly earnings data 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 business had revenue of $48.39 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ritholtz Wealth Management lifted its stake in shares of Kewaunee Scientific by 24.6% in the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock worth $363,000 after acquiring an additional 2,156 shares during the period. Heron Bay Capital Management acquired a new stake in shares of Kewaunee Scientific during the second quarter valued at approximately $252,000. Renaissance Technologies LLC lifted its position in Kewaunee Scientific by 13.4% in the 2nd 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Kewaunee Scientific by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after buying an additional 6,132 shares in the last quarter. 32.69% of the stock is owned by institutional investors and hedge funds.

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.