Kimball International (NASDAQ:KBAL) Stock Passes Above 200 Day Moving Average of $7.29

Shares of Kimball International, Inc. (NASDAQ:KBALGet Rating) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.29 and traded as high as $7.38. Kimball International shares last traded at $7.36, with a volume of 94,665 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on KBAL. StockNews.com raised shares of Kimball International from a “hold” rating to a “buy” rating in a research report on Tuesday, November 8th. Benchmark began coverage on shares of Kimball International in a research report on Tuesday, November 29th. They set a “buy” rating and a $80.00 price target for the company.

Kimball International Trading Up 2.1 %

The firm has a market capitalization of $270.61 million, a PE ratio of -66.91 and a beta of 0.93. The company’s 50-day simple moving average is $6.91 and its 200 day simple moving average is $7.29. The company has a quick ratio of 0.72, a current ratio of 1.44 and a debt-to-equity ratio of 0.30.

Kimball International (NASDAQ:KBALGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.13 EPS for the quarter. The business had revenue of $177.81 million during the quarter. Kimball International had a negative net margin of 0.60% and a positive return on equity of 7.37%.

Kimball International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Tuesday, December 20th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Monday, December 19th. Kimball International’s payout ratio is currently -327.27%.

Hedge Funds Weigh In On Kimball International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in shares of Kimball International by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 357,230 shares of the company’s stock valued at $2,247,000 after purchasing an additional 14,668 shares during the last quarter. EVR Research LP raised its position in shares of Kimball International by 54.0% in the 3rd quarter. EVR Research LP now owns 1,070,000 shares of the company’s stock valued at $6,730,000 after purchasing an additional 375,060 shares during the last quarter. German American Bancorp Inc. purchased a new position in Kimball International during the 3rd quarter worth approximately $64,000. Public Employees Retirement System of Ohio raised its position in Kimball International by 5.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 43,738 shares of the company’s stock worth $275,000 after buying an additional 2,107 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in Kimball International by 19.1% during the 3rd quarter. Two Sigma Advisers LP now owns 138,135 shares of the company’s stock worth $869,000 after buying an additional 22,200 shares during the last quarter. 65.11% of the stock is owned by hedge funds and other institutional investors.

Kimball International Company Profile

(Get Rating)

Kimball International, Inc engages in the manufacture and sale of furniture products under the Kimball, National, Etc., Interwoven, Kimball Hospitality, D'style, and Poppin brands in the United States and internationally. It offers desks/workstations, benching, seating, lounge, storage, tables, and casegoods for collaborative and open workspaces, conference and meeting/huddle rooms, training rooms, private offices, learning areas, classrooms, lobby/reception areas, and dining/café areas; and headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and mixed use commercial and residential developments.

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