Kemet Corp. (KEM) Shares Up 2.1%
Shares of Kemet Corp. (NYSE:KEM) shot up 2.1% on Tuesday . The company traded as high as $3.44 and last traded at $3.44, with a volume of 61,155 shares trading hands. The stock had previously closed at $3.37.
A number of brokerages have weighed in on KEM. TheStreet upgraded Kemet Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. B. Riley restated a “buy” rating and set a $4.75 target price on shares of Kemet Corp. in a report on Sunday, July 31st. Finally, Zacks Investment Research upgraded Kemet Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 6th.
The company has a 50 day moving average of $3.36 and a 200 day moving average of $2.58. The firm’s market cap is $157.67 million.
Kemet Corp. (NYSE:KEM) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The firm had revenue of $184.90 million for the quarter, compared to analyst estimates of $183.13 million. During the same period in the previous year, the business posted $0.01 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts expect that Kemet Corp. will post $0.29 EPS for the current fiscal year.
KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.