Kimball Electronics (KE) Downgraded by BidaskClub to “Hold”

Kimball Electronics (NASDAQ:KE) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.

Separately, TheStreet lowered Kimball Electronics from a “b” rating to a “c+” rating in a research report on Wednesday, November 7th.

Shares of KE stock opened at $16.88 on Wednesday. The firm has a market cap of $446.83 million, a P/E ratio of 14.53 and a beta of 1.02. Kimball Electronics has a twelve month low of $15.75 and a twelve month high of $21.08.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its holdings in shares of Kimball Electronics by 18.0% during the second quarter. First Trust Advisors LP now owns 30,252 shares of the electronics maker’s stock worth $554,000 after buying an additional 4,611 shares in the last quarter. Adviser Investments LLC bought a new position in shares of Kimball Electronics during the second quarter worth about $117,000. Strs Ohio grew its holdings in shares of Kimball Electronics by 9.9% during the second quarter. Strs Ohio now owns 40,100 shares of the electronics maker’s stock worth $733,000 after buying an additional 3,600 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Kimball Electronics by 16.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 136,813 shares of the electronics maker’s stock worth $2,504,000 after buying an additional 18,836 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Kimball Electronics by 19.0% during the second quarter. Royce & Associates LP now owns 395,725 shares of the electronics maker’s stock worth $7,242,000 after buying an additional 63,125 shares in the last quarter. Hedge funds and other institutional investors own 61.08% of the company’s stock.

About Kimball Electronics

Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing various electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.

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