Kemet Corp. (KEM) Trading 2.1% Higher
Kemet Corp. (NYSE:KEM) shares traded up 2.1% during mid-day trading on Tuesday . The stock traded as high as $3.44 and last traded at $3.44, with a volume of 61,155 shares traded. The stock had previously closed at $3.37.
Several research analysts have recently issued reports on the stock. B. Riley restated a “buy” rating and set a $4.75 price objective on shares of Kemet Corp. in a report on Sunday, July 31st. Zacks Investment Research raised shares of Kemet Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, TheStreet raised shares of Kemet Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 29th.
The firm’s market cap is $157.67 million. The firm’s 50 day moving average price is $3.37 and its 200-day moving average price is $2.60.
Kemet Corp. (NYSE:KEM) last released its earnings results on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. During the same period last year, the business posted $0.01 EPS. The business earned $184.90 million during the quarter, compared to the consensus estimate of $183.13 million. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts expect that Kemet Corp. will post $0.29 EPS for the current 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.
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