Kewaunee Scientific (NASDAQ:KEQU) Stock Breaks Below 200-Day Moving Average – What’s Next?

Kewaunee Scientific Corporation (NASDAQ:KEQU)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $36.38 and traded as low as $32.26. Kewaunee Scientific shares last traded at $33.18, with a volume of 9,300 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kewaunee Scientific in a report on Friday, September 25th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Kewaunee Scientific Stock Performance

The firm has a 50 day moving average of $35.40 and a two-hundred day moving average of $36.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.20 and a quick ratio of 1.57. The stock has a market cap of $94.02 million, a PE ratio of 11.75 and a beta of 0.76.

Kewaunee Scientific (NASDAQ:KEQU) last released its quarterly earnings data on Wednesday, September 9th. The technology company reported $0.58 earnings per share for the quarter. The company had revenue of $66.32 million for the quarter. Kewaunee Scientific had a net margin of 2.97% and a return on equity of 11.61%.

Institutional Investors Weigh In On Kewaunee Scientific

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Punch & Associates Investment Management Inc. purchased a new position in shares of Kewaunee Scientific during the second quarter worth about $3,749,000. De Lisle Partners LLP acquired a new stake in shares of Kewaunee Scientific during the second quarter worth about $1,919,000. Finally, BlackRock Inc. purchased a new stake in shares of Kewaunee Scientific in the 2nd quarter valued at about $425,000. 32.69% of the stock is currently owned by institutional investors and hedge funds.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation (NASDAQ:KEQU) designs, manufactures and installs laboratory, healthcare and technical furniture and related products. Its offerings include steel and wood laboratory casework, fume hoods, workstations, modular laboratory systems, countertops, storage equipment and other specialized furnishings used in research, education, healthcare, industrial and government facilities.

The company provides laboratory planning and project-management services in addition to manufacturing, supporting customers from design and specification through installation.