Kemet Corp. (NYSE:KEM) shares were down 5.1% on Wednesday . The stock traded as low as $2.76 and last traded at $2.78, with a volume of 122,922 shares traded. The stock had previously closed at $2.93.

Several research analysts have weighed in on KEM shares. Zacks Investment Research downgraded shares of Kemet Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. B. Riley started coverage on shares of Kemet Corp. in a research report on Saturday, May 28th. They issued a “buy” rating and a $4.75 price target on the stock.

The company’s 50 day moving average is $2.75 and its 200 day moving average is $2.17. The stock’s market cap is $128.53 million.

Kemet Corp. (NYSE:KEM) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $183.90 million for the quarter, compared to analysts’ expectations of $180.81 million. The firm’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. Analysts anticipate that Kemet Corp. will post $0.33 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Kemet Corp. stock. Royce & Associates LLC boosted its position in Kemet Corp. (NYSE:KEM) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,685,347 shares of the company’s stock after buying an additional 274,546 shares during the period. Royce & Associates LLC owned about 8.04% of Kemet Corp. worth $8,734,000 at the end of the most recent quarter.

KEMET Corporation (KEMET) is a global manufacturer of passive electronic capacitors. The Company operates in two segments: Solid Capacitors and Film and Electrolytic. The Solid Capacitors segment operates in nine manufacturing sites in the United States, Mexico and China. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors, which are sold globally.

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