Kimball International (NASDAQ:KBAL) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Shares of Kimball International (NASDAQ KBAL) opened at $18.77 on Thursday. The firm has a market cap of $700.98, a price-to-earnings ratio of 18.96 and a beta of 1.43. Kimball International has a fifty-two week low of $15.40 and a fifty-two week high of $20.97.

Kimball International (NASDAQ:KBAL) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.29 earnings per share for the quarter. The business had revenue of $169.52 million during the quarter. Kimball International had a net margin of 5.64% and a return on equity of 21.84%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Kimball International by 3.0% during the 2nd quarter. Royal Bank of Canada now owns 11,236 shares of the company’s stock valued at $187,000 after purchasing an additional 332 shares in the last quarter. Legal & General Group Plc grew its holdings in Kimball International by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock worth $168,000 after acquiring an additional 366 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Kimball International by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,133 shares of the company’s stock worth $503,000 after acquiring an additional 900 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Kimball International by 3.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 27,144 shares of the company’s stock worth $453,000 after acquiring an additional 901 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in Kimball International by 13.9% during the 2nd quarter. Voya Investment Management LLC now owns 18,988 shares of the company’s stock worth $317,000 after acquiring an additional 2,321 shares in the last quarter. 61.48% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This story was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://theolympiareport.com/2018/01/25/kimball-international-kbal-downgraded-by-bidaskclub.html.

Kimball International Company Profile

Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.

Receive News & Ratings for Kimball International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimball International and related companies with MarketBeat.com's FREE daily email newsletter.