Kemet Corp. (NYSE:KEM) was down 2.9% during mid-day trading on Wednesday . The stock traded as low as $3.35 and last traded at $3.35, with a volume of 120,224 shares traded. The stock had previously closed at $3.45.

Several equities research analysts have recently issued reports 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 Monday, May 23rd. They set a “buy” rating and a $4.75 price objective for the company. Finally, TheStreet raised shares of Kemet Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 29th.

The stock has a 50 day moving average of $3.10 and a 200 day moving average of $2.33. The company’s market capitalization is $154.89 million.

Kemet Corp. (NYSE:KEM) last posted its earnings results on Thursday, July 28th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. During the same quarter in the prior year, the business earned $0.01 earnings per share. The business had revenue of $184.90 million for the quarter, compared to analyst estimates of $183.13 million. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts expect that Kemet Corp. will post $0.29 EPS for the current fiscal year.

A hedge fund recently raised its stake in Kemet Corp. stock. Dimensional Fund Advisors LP raised its stake 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 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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