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

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

Kewaunee Scientific Price Performance

Shares of NASDAQ KEQU opened at $36.78 on Thursday. Kewaunee Scientific has a fifty-two week low of $16.51 and a fifty-two week high of $55.62. The business has a 50 day moving average price of $38.16 and a two-hundred day moving average price of $41.42. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.48. The firm has a market cap of $105.56 million, a PE ratio of 5.90 and a beta of 0.72.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Heron Bay Capital Management acquired a new position in shares of Kewaunee Scientific in the 2nd quarter worth approximately $252,000. Ritholtz Wealth Management grew its position 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 in the last quarter. Renaissance Technologies LLC grew its position in shares of 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 acquiring an additional 10,580 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 acquiring an additional 6,132 shares in the last quarter. Institutional investors and hedge funds 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.