Kewaunee Scientific (NASDAQ:KEQU) Stock Crosses Above 200-Day Moving Average of $32.74

Shares of Kewaunee Scientific Co. (NASDAQ:KEQU) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.74 and traded as high as $38.75. Kewaunee Scientific shares last traded at $38.74, with a volume of 21,459 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com raised shares of Kewaunee Scientific from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 14th. TheStreet cut shares of Kewaunee Scientific from a “b-” rating to a “c” rating in a research note on Thursday, March 7th.

Kewaunee Scientific Trading Up 10.6 %

The stock’s 50 day moving average price is $38.76 and its 200-day moving average price is $32.97. The company has a quick ratio of 1.76, a current ratio of 2.28 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $134.52 million, a PE ratio of 7.43 and a beta of 0.70.

Institutional Trading of Kewaunee Scientific

An institutional investor recently raised its position in Kewaunee Scientific stock. Minerva Advisors LLC lifted its position in Kewaunee Scientific Co. (NASDAQ:KEQU) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,432 shares of the technology company’s stock after purchasing an additional 1,513 shares during the period. Kewaunee Scientific comprises 2.0% of Minerva Advisors LLC’s portfolio, making the stock its 17th largest holding. Minerva Advisors LLC owned approximately 6.01% of Kewaunee Scientific worth $2,843,000 at the end of the most recent reporting period. 32.69% of the stock is currently owned by institutional investors.

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.