StockNews.com Upgrades Kewaunee Scientific (NASDAQ:KEQU) to Buy

Kewaunee Scientific (NASDAQ:KEQU) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Kewaunee Scientific Stock Up 0.1 %

KEQU opened at $32.39 on Thursday. Kewaunee Scientific has a one year low of $16.51 and a one year high of $55.62. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.53. The stock’s fifty day moving average is $39.29 and its 200-day moving average is $41.53. The company has a market capitalization of $91.99 million, a PE ratio of 5.10 and a beta of 0.72.

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

Institutional Trading of Kewaunee Scientific

A number of hedge funds and other institutional investors have recently modified their holdings of KEQU. Dimensional Fund Advisors LP raised its position in shares of Kewaunee Scientific by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after purchasing an additional 6,132 shares during the period. Renaissance Technologies LLC raised its position in shares of 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. Ritholtz Wealth Management raised its position in shares of Kewaunee Scientific by 24.6% during the third quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock worth $363,000 after purchasing an additional 2,156 shares during the period. Finally, Heron Bay Capital Management acquired a new stake in shares of Kewaunee Scientific during the second quarter worth $252,000. Institutional investors 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.