KMG Chemicals Inc. (NYSE:KMG)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $29.45 and last traded at $29.12, with a volume of 63,717 shares changing hands. The stock had previously closed at $28.15.

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

The firm has a market cap of $339.02 million and a P/E ratio of 18.87. The stock has a 50-day moving average of $26.94 and a 200 day moving average of $23.64.

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

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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