Kemet Corp. (KEM) Sees Unusually-High Trading Volume
Kemet Corp. (NYSE:KEM) shares saw unusually-strong trading volume on Tuesday . Approximately 214,670 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 158,252 shares.The stock last traded at $3.12 and had previously closed at $2.99.
Several analysts recently commented on KEM shares. Zacks Investment Research cut Kemet Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. B. Riley started coverage on Kemet Corp. in a research report on Saturday, May 28th. They issued a “buy” rating and a $4.75 target price on the stock.
The stock’s 50-day moving average price is $2.84 and its 200 day moving average price is $2.19. The stock’s market capitalization is $150.26 million.
Kemet Corp. (NYSE:KEM) last released its earnings results on Tuesday, May 3rd. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. The company earned $183.90 million during the quarter, compared to analyst estimates of $180.81 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities research analysts predict that Kemet Corp. will post $0.33 earnings per share for the current year.
A hedge fund recently raised its stake in Kemet Corp. stock. Dimensional Fund Advisors LP boosted its position in Kemet Corp. (NYSE:KEM) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,078,678 shares of the company’s stock after buying an additional 89,908 shares during the period. Dimensional Fund Advisors LP owned 4.53% of Kemet Corp. worth $4,927,000 as of its most recent SEC filing.
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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