Kimball International (NASDAQ:KBAL) Earns Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Kimball International (NASDAQ:KBALGet Rating) in a report issued on Saturday. The firm set a “buy” rating on the stock.

Kimball International Stock Up 0.5 %

Shares of NASDAQ KBAL opened at $12.43 on Friday. The stock has a market capitalization of $452.70 million, a P/E ratio of -23.02, a PEG ratio of 1.21 and a beta of 1.10. Kimball International has a one year low of $6.11 and a one year high of $12.67. The firm’s 50 day simple moving average is $12.34 and its two-hundred day simple moving average is $9.14. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.41 and a quick ratio of 0.68.

Institutional Investors Weigh In On Kimball International

A number of hedge funds and other institutional investors have recently modified their holdings of KBAL. Dimensional Fund Advisors LP increased its stake in Kimball International by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,840,848 shares of the company’s stock worth $22,826,000 after purchasing an additional 19,705 shares during the period. Vanguard Group Inc. increased its stake in shares of Kimball International by 4.7% in the third quarter. Vanguard Group Inc. now owns 1,798,648 shares of the company’s stock worth $11,313,000 after buying an additional 80,538 shares during the period. Renaissance Technologies LLC raised its holdings in Kimball International by 5.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,777,876 shares of the company’s stock valued at $15,023,000 after buying an additional 98,300 shares during the last quarter. Glazer Capital LLC bought a new stake in Kimball International during the 1st quarter valued at $21,944,000. Finally, Versor Investments LP purchased a new stake in Kimball International during the 1st quarter valued at $19,869,000. Institutional investors own 65.11% of the company’s stock.

About Kimball International

(Get Rating)

Kimball International, Inc engages in the design and sale of furniture products and services. The firm focuses on commercial, hospitality, healthcare, education, government, and finance markets. It distributes its product under the Kimball, National, and Kimball Hospitality brands. It operates through the following business units: Workplace, Health, Hospitality, and eBusiness.

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