KMG Chemicals Inc. (NYSE:KMG) shares traded down 4.9% during mid-day trading on Friday . The company traded as low as $27.44 and last traded at $27.46, with a volume of 52,163 shares trading hands. The stock had previously closed at $28.89.

Separately, Zacks Investment Research upgraded KMG Chemicals from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Monday, June 13th.

The stock’s 50-day moving average price is $27.08 and its 200 day moving average price is $23.72. The firm has a market capitalization of $325.88 million and a PE ratio of 18.14.

KMG Chemicals (NYSE:KMG) last issued its quarterly earnings data on Thursday, June 9th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ 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. 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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