Price Change to Note: Could Kimball Electronics Inc See a Reversal After Breaking All Highs?

Price Change to Note: Could Kimball Electronics Inc See a Reversal After Breaking All Highs?

The stock of Kimball Electronics Inc (NASDAQ:KE) reached all time high today, Nov, 24 and still has $18.71 target or 6.00% above today’s $17.65 share price. This indicates more upside for the $494.98M company. This technical setup was reported by Barchart.com. If the $18.71 PT is reached, the company will be worth $29.70 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.86% or $0.15 on November 23, hitting $17.65. About 83,198 shares traded hands. Kimball Electronics Inc (NASDAQ:KE) has risen 56.33% since April 22, 2016 and is uptrending. It has outperformed by 50.92% the S&P500.

Analysts await Kimball Electronics Inc (NASDAQ:KE) to report earnings on February, 2. They expect $0.20 earnings per share, up 25.00% or $0.04 from last year’s $0.16 per share. KE’s profit will be $5.61 million for 22.06 P/E if the $0.20 EPS becomes a reality. After $0.24 actual earnings per share reported by Kimball Electronics Inc for the previous quarter, Wall Street now forecasts -16.67% 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 increased to 1.16 in 2016 Q2. Its up 0.03, from 1.13 in 2016Q1. The ratio is positive, 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 New York-based Gabelli Funds Ltd Liability has invested 0% in Kimball Electronics Inc (NASDAQ:KE). Citigroup holds 4,689 shares or 0% of its portfolio. Atlantic Gp Ltd Limited Liability Company last reported 255,295 shares in the company. Simcoe Capital Management Ltd has invested 3.2% of its portfolio in Kimball Electronics Inc (NASDAQ:KE). Barclays Public Limited Company last reported 75 shares in the company. Alexandria Cap Lc has 0.01% invested in the company for 2,913 shares. Moreover, State Board Of Administration Of Florida Retirement has 0% invested in Kimball Electronics Inc (NASDAQ:KE) for 26,315 shares. Strs Ohio holds 8,700 shares or 0% of its portfolio. Bkd Wealth Limited Liability holds 0.89% or 480,478 shares in its portfolio. Loomis Sayles And Commerce Lp accumulated 172,439 shares or 0.01% of the stock. Voya Mgmt Limited Liability reported 14,491 shares or 0% of all its holdings. Moreover, Geode Capital Management Ltd Liability has 0% invested in Kimball Electronics Inc (NASDAQ:KE) for 323,769 shares. Goldman Sachs Grp Inc, a New York-based fund reported 182,795 shares. Legal General Grp Public Ltd Liability Corp last reported 3,976 shares in the company. Tiaa Cref Inv Management Limited Liability holds 92,078 shares or 0% of its portfolio.

More important recent Kimball Electronics Inc (NASDAQ:KE) news were published by: Globenewswire.com which released: “Kimball Electronics, Inc. Announces Resignation of Director Christopher B. Curtis” on September 12, 2016, also Globenewswire.com published article titled: “Kimball Electronics, Inc. Reports Fourth Quarter and Fiscal Year 2016 Results”, Plasticsnews.com published: “Kimball Electronics buys injection molding assets” on July 21, 2016. More interesting news about Kimball Electronics Inc (NASDAQ:KE) was released by: Finance.Yahoo.com and their article: “Kimball Electronics, Inc. Reports First Quarter Fiscal Year 2017 Results” with publication date: November 02, 2016.

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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