Kewaunee Scientific (NASDAQ:KEQU) Raised to “Buy” at StockNews.com

Kewaunee Scientific (NASDAQ:KEQU) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Kewaunee Scientific Price Performance

Shares of NASDAQ:KEQU opened at $37.90 on Friday. The stock has a market cap of $108.85 million, a PE ratio of 6.08 and a beta of 0.73. The company’s fifty day moving average is $35.21 and its 200 day moving average is $41.50. Kewaunee Scientific has a 52 week low of $16.51 and a 52 week high of $55.62. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.48.

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

Institutional Investors Weigh In On Kewaunee Scientific

Large investors have recently modified their holdings of the stock. Barclays PLC bought a new stake in shares of Kewaunee Scientific during the 3rd quarter valued at about $121,000. Heron Bay Capital Management bought a new stake in shares of Kewaunee Scientific during the 2nd quarter valued at about $252,000. State Street Corp bought a new stake in shares of Kewaunee Scientific during the 3rd quarter valued at about $266,000. Ritholtz Wealth Management boosted its stake 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 purchasing an additional 2,156 shares in the last quarter. Finally, De Lisle Partners LLP boosted its stake in shares of Kewaunee Scientific by 36.6% during the 3rd quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock valued at $1,446,000 after purchasing an additional 11,511 shares in the last quarter. Institutional investors 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.