Kewaunee Scientific (NASDAQ:KEQU) Lowered to Hold at StockNews.com

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

Kewaunee Scientific Stock Down 2.1 %

Kewaunee Scientific stock opened at $32.18 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.53. Kewaunee Scientific has a 52-week low of $16.51 and a 52-week high of $55.62. The firm has a 50 day moving average price of $40.63 and a two-hundred day moving average price of $41.55. The firm has a market cap of $91.39 million, a price-to-earnings ratio of 5.07 and a beta of 0.72.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Ritholtz Wealth Management lifted its position in shares of Kewaunee Scientific by 24.6% during the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock valued at $363,000 after acquiring an additional 2,156 shares during the period. Heron Bay Capital Management acquired a new position in shares of Kewaunee Scientific during the 2nd quarter valued at $252,000. Renaissance Technologies LLC lifted its position in shares of Kewaunee Scientific by 13.4% during the 2nd quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock valued at $4,230,000 after acquiring an additional 10,580 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Kewaunee Scientific by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock valued at $8,378,000 after acquiring an additional 6,132 shares during the period. 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.