Kewaunee Scientific (NASDAQ:KEQU) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Kewaunee Scientific Co. (NASDAQ:KEQU) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.85 and traded as high as $63.23. Kewaunee Scientific shares last traded at $61.10, with a volume of 53,912 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Kewaunee Scientific from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th.

Kewaunee Scientific Stock Up 13.8 %

The stock’s 50-day simple moving average is $40.78 and its 200-day simple moving average is $42.85. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $175.48 million, a P/E ratio of 9.68 and a beta of 0.80.

Insider Activity at Kewaunee Scientific

In related news, VP Elizabeth D. Phillips sold 1,850 shares of Kewaunee Scientific stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $54.17, for a total transaction of $100,214.50. Following the completion of the sale, the vice president now owns 13,591 shares of the company’s stock, valued at approximately $736,224.47. This trade represents a 11.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kewaunee Scientific

Institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management bought a new stake in Kewaunee Scientific during the 2nd quarter valued at approximately $413,000. Dimensional Fund Advisors LP raised its stake in 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 buying an additional 6,132 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Kewaunee Scientific by 13.4% in the second 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. Heron Bay Capital Management bought a new position in Kewaunee Scientific in the second quarter worth approximately $252,000. Finally, De Lisle Partners LLP lifted its position in Kewaunee Scientific by 36.6% during the third 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. Hedge funds and other institutional investors own 32.69% of the company’s stock.

Kewaunee Scientific Company Profile

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.