Kewaunee Scientific (NASDAQ:KEQU) Raised to “Buy” at StockNews.com

Kewaunee Scientific (NASDAQ:KEQU) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Kewaunee Scientific Trading Down 0.5 %

KEQU opened at $37.90 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.53 and a quick ratio of 2.00. Kewaunee Scientific has a fifty-two week low of $16.51 and a fifty-two week high of $55.62. The firm has a market capitalization of $108.85 million, a PE ratio of 6.08 and a beta of 0.73. The company’s 50-day moving average is $35.21 and its 200 day moving average is $41.50.

Kewaunee Scientific (NASDAQ:KEQU) last posted its earnings results 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 company had revenue of $48.39 million for the quarter.

Institutional Investors Weigh In On Kewaunee Scientific

Several large investors have recently modified their holdings of the stock. Barclays PLC bought a new position in Kewaunee Scientific in the 3rd quarter worth approximately $121,000. Heron Bay Capital Management bought a new position in Kewaunee Scientific in the 2nd quarter worth approximately $252,000. State Street Corp bought a new position in Kewaunee Scientific in the 3rd quarter worth approximately $266,000. Ritholtz Wealth Management boosted its holdings in 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 buying an additional 2,156 shares during the period. Finally, De Lisle Partners LLP boosted its holdings in Kewaunee Scientific by 36.6% in the 3rd quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock worth $1,446,000 after buying an additional 11,511 shares during the period. Hedge funds and other 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.