Knowles (NYSE:KN) Sets New 12-Month Low – Time to Sell?

Shares of Knowles Co. (NYSE:KN) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $14.95 and last traded at $15.15, with a volume of 67773 shares changing hands. The stock had previously closed at $15.35.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KN shares. StockNews.com raised Knowles from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Craig Hallum lowered shares of Knowles from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research report on Friday, February 14th.

Knowles Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.83. The stock’s fifty day moving average is $17.56 and its two-hundred day moving average is $18.28. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -5.75 and a beta of 1.42.

Knowles (NYSE:KN) last issued its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The business had revenue of $142.50 million during the quarter.

Institutional Trading of Knowles

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in Knowles by 46.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock valued at $42,000 after buying an additional 669 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Knowles by 835.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider’s stock valued at $55,000 after acquiring an additional 2,448 shares during the last quarter. Blue Trust Inc. raised its position in shares of Knowles by 72.4% during the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock valued at $69,000 after acquiring an additional 1,449 shares in the last quarter. KBC Group NV lifted its stake in Knowles by 66.6% during the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock worth $97,000 after purchasing an additional 1,947 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Knowles in the fourth quarter worth $194,000. Institutional investors own 96.35% of the company’s stock.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).