Stocks of Knowles Corp (NYSE:KN) traded higher last session on Wall Street, down -0.11% to $17.44.
KN stock price is now 7.65% away from the 50-day moving average and 9.27% away from the 200-day moving average. The market capitalization of the company currently stands at $1.57B.
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With the price target reduced from $20 to $17, ROTH Capital Downgraded its rating from Buy to Neutral for Knowles Corp (NYSE: KN). On February 10, 2022, Colliers Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $25.50, while ‘Susquehanna’ rates the stock as ‘Neutral’
In other news, Cabrera Raymond D., SVP, HR & Chief Admin. Officer sold 10,300 shares of the company’s stock on Feb 22 ’24. The stock was sold for $174,070 at an average price of $16.90. Upon completion of the transaction, the SVP, HR & Chief Admin. Officer now directly owns 94,870 shares in the company, valued at $1.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09 ’23, SVP, HR & Chief Admin. Officer Cabrera Raymond D. sold 5,000 shares of the business’s stock. A total of $77,100 was realized by selling the stock at an average price of $15.42. This leaves the insider owning 84,202 shares of the company worth $1.47 million. A total of 1.95% of the company’s stock is owned by insiders.
During the past 12 months, Knowles Corp has had a low of $12.78 and a high of $18.48. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 2.75, and a quick ratio of 1.55. According to the stock market information, the enterprise value for the company is $1748041344, which is based on a 19.82 price-to-earnings ratio, a 1.32 price-to-earnings-growth ratio, and a beta of 1.45. The fifty day moving average price for KN is $16.2432 and a two-hundred day moving average price translates $15.9632 for the stock.
The latest earnings results from Knowles Corp (NYSE: KN) was released for 2024-03-31. The net profit margin was 10.54% and return on equity was 7.93% for KN. The company reported revenue of $196.4 million for the quarter, compared to $144.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.11 percent.
