Kewaunee Scientific (NASDAQ:KEQU) Upgraded to Strong-Buy by StockNews.com

Kewaunee Scientific (NASDAQ:KEQU) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Kewaunee Scientific Price Performance

Shares of NASDAQ KEQU opened at $48.98 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.28 and a quick ratio of 1.76. The stock has a market capitalization of $139.10 million, a price-to-earnings ratio of 7.71 and a beta of 0.77. The firm’s 50 day simple moving average is $46.10 and its 200-day simple moving average is $38.37. Kewaunee Scientific has a 12 month low of $15.12 and a 12 month high of $55.62.

Kewaunee Scientific (NASDAQ:KEQU) last released its quarterly earnings results on Wednesday, June 26th. The technology company reported $1.55 EPS for the quarter. Kewaunee Scientific had a net margin of 9.20% and a return on equity of 28.58%. The company had revenue of $56.70 million for the quarter.

Hedge Funds Weigh In On Kewaunee Scientific

A number of large investors have recently bought and sold shares of the business. Heron Bay Capital Management acquired a new stake in Kewaunee Scientific in the second quarter valued at approximately $252,000. Renaissance Technologies LLC grew its stake in Kewaunee Scientific by 13.4% in the 2nd 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. Dimensional Fund Advisors LP increased its holdings in Kewaunee Scientific by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after acquiring an additional 6,132 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new position in Kewaunee Scientific during the second quarter worth $413,000. Institutional investors and hedge funds 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.