KMG Chemicals Inc. (KMG) Stock Price Down 4.9%
KMG Chemicals Inc. (NYSE:KMG) shares were down 4.9% during mid-day trading on Friday . The stock traded as low as $27.44 and last traded at $27.46, with a volume of 52,163 shares changing hands. The stock had previously closed at $28.89.
Separately, Zacks Investment Research cut KMG Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd.
The company has a market cap of $325.88 million and a P/E ratio of 18.14. The stock’s 50-day moving average is $27.04 and its 200 day moving average is $23.67.
KMG Chemicals (NYSE:KMG) last announced its earnings results on Thursday, June 9th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm earned $75.20 million during the quarter, compared to the consensus estimate of $75 million. Equities analysts forecast that KMG Chemicals Inc. will post $1.65 EPS for the current 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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