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

Separately, Zacks Investment Research downgraded KMG Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd.

The company has a market capitalization of $325.88 million and a P/E ratio of 18.14. The firm’s 50-day moving average is $27.08 and its 200 day moving average is $23.72.

KMG Chemicals (NYSE:KMG) last released its quarterly earnings data on Thursday, June 9th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business earned $75.20 million during the quarter, compared to analysts’ expectations of $75 million. On average, equities analysts predict 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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