Stock Worth Watching: Kimball Electronics Inc Increases Again; Strong Momentum for Buyers

Stock Worth Watching: Kimball Electronics Inc Increases Again; Strong Momentum for Buyers

The stock of Kimball Electronics Inc (NASDAQ:KE) is a huge mover today! The stock increased 4.45% or $0.59 during the last trading session, hitting $13.86. About 205,788 shares traded hands or 143.78% up from the average. Kimball Electronics Inc (NASDAQ:KE) has risen 15.39% since February 26, 2016 and is uptrending. It has outperformed by 4.97% the S&P500.
The move comes after 6 months positive chart setup for the $387.67M company. It was reported on Oct, 1 by Barchart.com. We have $23.01 PT which if reached, will make NASDAQ:KE worth $255.86 million more.

Analysts await Kimball Electronics Inc (NASDAQ:KE) to report earnings on November, 3. They expect $0.18 earnings per share, up 12.50% or $0.02 from last year’s $0.16 per share. KE’s profit will be $5.03M for 19.25 P/E if the $0.18 EPS becomes a reality. After $0.20 actual earnings per share reported by Kimball Electronics Inc for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

According to Zacks Investment Research, “Kimball Electronics Inc. operates as a contract manufacturer of durable goods electronics. The Company specializes in durable electronics for the medical, automotive, industrial and public safety markets. It provides design, engineering, manufacturing, packaging, and distribution of electronic assemblies and circuit boards on a contract basis to a variety of industries. The Company has manufacturing operations primarily in the United States, Mexico, Thailand, Poland, and China. Kimball Electronics Inc. is headquartered in Jasper, Indiana.”

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.55, from 1.68 in 2016Q1. The ratio worsened, as 8 funds sold all Kimball Electronics Inc shares owned while 30 reduced positions. 14 funds bought stakes while 29 increased positions. They now own 15.14 million shares or 1.75% more from 14.88 million shares in 2016Q1.
The Massachusetts-based Babson Mngmt Ltd Liability Co has invested 0.06% in Kimball Electronics Inc (NASDAQ:KE). D E Shaw & Com last reported 0% of its portfolio in the stock. Moreover, Stifel Corp has 0.01% invested in Kimball Electronics Inc (NASDAQ:KE) for 228,379 shares. Fuller & Thaler Asset has invested 0% of its portfolio in Kimball Electronics Inc (NASDAQ:KE). Jpmorgan Chase accumulated 0% or 526,850 shares. The California-based Blackrock Fund has invested 0% in Kimball Electronics Inc (NASDAQ:KE). Blackrock Japan Company Ltd has 147 shares for 0% of their US portfolio. The Massachusetts-based State Street has invested 0% in Kimball Electronics Inc (NASDAQ:KE). Midas Management has 42,255 shares for 0.3% of their US portfolio. Wells Fargo Com Mn holds 0% of its portfolio in Kimball Electronics Inc (NASDAQ:KE) for 37,472 shares. Denali Advsr Lc last reported 0% of its portfolio in the stock. Strs Ohio accumulated 8,700 shares or 0% of the stock. Bank Of Montreal Can accumulated 0% or 2,250 shares. Schwab Charles Investment Incorporated holds 56,725 shares or 0% of its portfolio. Blackrock Advsrs Limited Liability accumulated 11,613 shares or 0% of the stock.

More notable recent Kimball Electronics Inc (NASDAQ:KE) news were published by: Finance.Yahoo.com which released: “Kimball Electronics, Inc. Announces Stock Repurchase Plan” on September 29, 2016, also Plasticsnews.com with their article: “Kimball Electronics buys injection molding assets” published on July 21, 2016, Globenewswire.com published: “Kimball Electronics, Inc. Announces Resignation of Director Christopher B. Curtis” on September 12, 2016. More interesting news about Kimball Electronics Inc (NASDAQ:KE) were released by: Globenewswire.com and their article: “Kimball Electronics, Inc. Announces Live Webcast of Fourth Quarter Fiscal Year …” published on July 25, 2016 as well as Seekingalpha.com‘s news article titled: “Kimball Electronics — A Small Company With A Moderate Upside (KE)” with publication date: December 29, 2014.

KE Company Profile

Kimball Electronics, Inc. (Kimball Electronics), incorporated on July 14, 1998, is an electronics manufacturing services (EMS) company. The Firm is engaged in producing electronics for the automotive, medical, industrial and public safety markets. The Firm provides design, engineering, manufacturing, packaging, and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries. The Firm offers various engineering, manufacturing and supply chain services, such as design services; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing, which include testing of products under a series of environmental conditions; assembly, production and packaging of other related non-electronic products; supply chain services, and product life cycle management. The Firm is engaged in producing safety critical electronic assemblies for the automotive market.

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