Kimball Electronics Trades Calm as Holiday Lulls Market Action
U.S. stock markets are closed Monday for Memorial Day, with trading set to resume Tuesday. Kimball Electronics shares ended Friday at $24.60, up 1.6% for the day but just 0.3% higher for the week, still 9.5% below their May 5 close. Fiscal Q3 revenue rose to $352.9 million from the prior quarter but fell short of last year’s $374.6 million. Cash on hand stood at $82.5 million as of March 31.