Long Position on KEQU @ $50.00 on 7/22/2024 (Fundamentals)

Kewaunee Scientific Corporation (KEQU) designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products.

Double Bottom FormationThe company operates through two segments: Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.

The company's laboratory products are used in chemistry, physics, biology, and other general science laboratories in the pharmaceutical, biotechnology, industrial, chemical, commercial, educational, government, and health care markets; and technical products are used in facilities manufacturing computers and light electronics and by users of computer and networking furniture. It sells its products primarily through dealers, its subsidiaries, and a national stocking distributor.

The company was founded in 1906 and is headquartered in Statesville, North Carolina.

The profitability of the company indicates that share prices could head higher.

Entry Point: $50.00

Trading Range: $14.66 - $52.80

Stop Loss: $47.50

Target Price: $55.00

 

Position closed on 8/2/2024 at price of $51.00 with a 2.00% gain in 11 days.

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