Kemet Corp. (NYSE:KEM)’s share price was down 7.5% during mid-day trading on Thursday . The company traded as low as $3.31 and last traded at $3.34, with a volume of 94,843 shares traded. The stock had previously closed at $3.61.

A number of equities analysts recently issued reports on KEM shares. 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. B. Riley started coverage on shares of Kemet Corp. in a research report on Saturday, May 28th. They set a “buy” rating and a $4.75 price objective for the company.

The firm’s market capitalization is $155.81 million. The stock’s 50-day moving average is $3.04 and its 200 day moving average is $2.28.

Kemet Corp. (NYSE:KEM) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $184.90 million for the quarter, compared to the consensus estimate of $183.13 million. Kemet Corp.’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the company posted $0.01 earnings per share. On average, equities 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. Royce & Associates LLC increased its stake 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 approximately 8.04% of Kemet Corp. worth $8,734,000 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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