Kemet Corp. (KEM) Trading 2.1% Higher
Kemet Corp. (NYSE:KEM) traded up 2.1% during trading on Wednesday . The company traded as high as $3.53 and last traded at $3.48, with a volume of 216,012 shares changing hands. The stock had previously closed at $3.41.
A number of equities research analysts recently commented on the stock. B. Riley restated a “buy” rating and issued a $4.75 price objective on shares of Kemet Corp. in a research report on Tuesday. Zacks Investment Research upgraded shares of Kemet Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 6th.
The stock’s 50 day moving average price is $3.02 and its 200-day moving average price is $2.27. The company’s market capitalization is $166.91 million.
Kemet Corp. (NYSE:KEM) last issued its earnings results 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 analyst estimates of $180.81 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts anticipate 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. Royce & Associates LLC increased its position in shares of Kemet Corp. (NYSE:KEM) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,685,347 shares of the company’s stock after buying an additional 274,546 shares during the period. Royce & Associates LLC owned approximately 8.04% of Kemet Corp. worth $8,734,000 as of its most recent filing with the SEC.
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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