Kewaunee Scientific (NASDAQ:KEQU) Downgraded to “Hold” at StockNews.com

StockNews.com downgraded shares of Kewaunee Scientific (NASDAQ:KEQU) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Kewaunee Scientific Stock Up 0.2 %

Shares of KEQU opened at $32.65 on Wednesday. The firm has a market capitalization of $92.73 million, a P/E ratio of 5.14 and a beta of 0.72. Kewaunee Scientific has a 12-month low of $16.51 and a 12-month high of $55.62. The firm has a fifty day moving average price of $40.00 and a 200-day moving average price of $41.52. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48.

Kewaunee Scientific (NASDAQ:KEQU) last issued its earnings results on Wednesday, September 11th. The technology company reported $0.93 EPS 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 for the quarter.

Institutional Investors Weigh In On Kewaunee Scientific

Several hedge funds have recently made changes to their positions in KEQU. Dimensional Fund Advisors LP lifted its stake in Kewaunee Scientific by 3.6% in the second 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 during the period. Renaissance Technologies LLC boosted its stake 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 valued at $4,230,000 after purchasing an additional 10,580 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Kewaunee Scientific by 24.6% during the third quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock valued at $363,000 after buying an additional 2,156 shares during the period. Finally, Heron Bay Capital Management bought a new position in Kewaunee Scientific in the second quarter worth approximately $252,000. 32.69% of the stock is currently owned by hedge funds and other institutional investors.

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.