Stock of the Day: What’s in Kimball International Inc After Reaching 52-Week High?

Stock of the Day: What's in Kimball International Inc After Reaching 52 Week High?

The stock of Kimball International Inc (NASDAQ:KBAL) hit a new 52-week high and has $23.51 target or 56.00% above today’s $15.07 share price. The 6 months bullish chart indicates low risk for the $595.88M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $23.51 price target is reached, the company will be worth $333.69 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 266,582 shares traded hands or 106.24% up from the average. Kimball International Inc (NASDAQ:KBAL) has risen 30.16% since April 15, 2016 and is uptrending. It has outperformed by 25.53% the S&P500.

According to Zacks Investment Research, “Kimball International, Inc. is a manufacturer of design driven, technology savvy, furnishings. The company provides solutions for the workplace, learning, healing and hospitality environments. Its brand consists of National Office Furniture, Kimball Office and Kimball Hospitality. Kimball International, Inc. is based in Jasper, United States.”

More important recent Kimball International Inc (NASDAQ:KBAL) news were published by: Globenewswire.com which released: “Kimball International to Present at Southwest IDEAS Investor Conference on …” on November 14, 2016, also Globenewswire.com published article titled: “Kimball International Honored with ICMA Board of Regents Corporate Recognition …”, Globenewswire.com published: “Kimball International, Inc. Reports First Quarter Results — Strong Sales …” on November 01, 2016. More interesting news about Kimball International Inc (NASDAQ:KBAL) was released by: Businesswire.com and their article: “Kimball International, Inc. Announces Additional Enhancement to Corporate …” with publication date: June 29, 2015.

KBAL Company Profile

Kimball International, Inc., incorporated on August 24, 1939, creates design driven furnishings. The Firm sells a portfolio of furniture services and products under three brands, which include Kimball Office, National Office Furniture and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing and hospitality environments. The Firm offers products designed specifically for the healthcare market, such as patient room and lounge seating, and casegoods. The Firm also has a trucking fleet and customer fulfillment centers to facilitate delivery of products. As of June 30, 2016, the Company, in the United States, had manufacturing facilities and showrooms in nine states and the District of Columbia. As of June 30, 2016, the Company’s products were produced at 10 plants, including seven located in Indiana, two in Kentucky, and one in Virginia.

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