Kewaunee Scientific Corporation (KEQU) is one of the best performing stocks in the consumer goods sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of KEQU have climbed 5.41% about 30 minutes into the session to $25.31 after closing the day prior at $24.01. It’s early, but the stock has traded as high as $25.31 and as low as $24.07 so far. Today’s quick advance has come with about 736 shares changing hands, compared to an average 30-day volume of 14,676 for Kewaunee Scientific Corporation. The price is currently below the 30-day volume weighted average price of $24.46 for KEQU.
The share appreciation gives the company a market capitalization of $64.97 million based upon 2.71 million shares outstanding. It also means that KEQU has a price-to-book ratio of 1.65:1 and a price-to-earnings ratio of 15.5:1.
In the past 52 weeks, shares of KEQU have traded as low as $15.8152 and as high as $26.83. Technical traders will take note that at $25.31, shares of KEQU are trading above their 200-day MA at $18.1 and above their 50-day MA at $22.2. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is KEQU?
Kewaunee Scientific Corp is engaged in designing, manufacturing, and installation of laboratory, healthcare, and technical furniture products. Its products include fume hoods, casework, safety cabinets, exhaust systems, and energy saving controls. The company’s 682 employees are led by CEO David M. Rausch from the corporate headquarters at 2700 West Front street.
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