Kimball Electronics Inc (NASDAQ: KE) stock closed at $18.28 on 8/14/24 after a major decline of -10.6%. Moreover, exceptionally high trading volume at 544% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -10.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, KE is expected to continue to be a modest Value Builder.
Kimball Electronics has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Kimball Electronics has a good Appreciation Score of 70 but a poor Power Rating of 20, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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