KMG Chemicals Inc. (NYSE:KMG) fell 3.6% during trading on Tuesday . The company traded as low as $27.01 and last traded at $27.34, with a volume of 59,965 shares. The stock had previously closed at $28.36.

Separately, Zacks Investment Research raised shares of KMG Chemicals from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Monday, June 13th.

The stock’s 50 day moving average price is $25.35 and its 200 day moving average price is $22.92. The firm has a market cap of $325.18 million and a price-to-earnings ratio of 18.10.

KMG Chemicals (NYSE:KMG) last announced its earnings results on Thursday, June 9th. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The business had revenue of $75.20 million for the quarter, compared to the consensus estimate of $75 million. Equities analysts forecast that KMG Chemicals Inc. will post $1.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 17th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Wednesday, June 15th.

A hedge fund recently raised its stake in KMG Chemicals stock. GSA Capital Partners LLP boosted its position in shares of KMG Chemicals Inc. (NYSE:KMG) by 17.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 111,998 shares of the company’s stock after buying an additional 16,564 shares during the period. GSA Capital Partners LLP owned approximately 0.96% of KMG Chemicals worth $2,578,000 as of its most recent SEC filing.

KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.

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