Kemet Corp. (KEM) Reaches New 52-Week High at $3.05
Kemet Corp. (NYSE:KEM)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $3.05 and last traded at $3.01, with a volume of 68,444 shares. The stock had previously closed at $2.94.
KEM has been the subject of a number of research reports. Zacks Investment Research cut shares of Kemet Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 10th. B. Riley assumed coverage on shares of Kemet Corp. in a research note on Monday, May 23rd. They issued a “buy” rating and a $4.75 price objective for the company.
The stock’s 50 day moving average price is $2.78 and its 200 day moving average price is $2.18. The firm’s market capitalization is $138.70 million.
Kemet Corp. (NYSE:KEM) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $183.90 million for the quarter, compared to analysts’ expectations of $180.81 million. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. Equities analysts forecast that Kemet Corp. will post $0.33 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Kemet Corp. stock. Royce & Associates LLC boosted its position in Kemet Corp. (NYSE:KEM) by 8.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,685,347 shares of the company’s stock after buying an additional 274,546 shares during the period. Royce & Associates LLC owned 8.04% of Kemet Corp. worth $8,734,000 at the end of the most recent quarter.
KEMET Corporation (KEMET) is a global manufacturer of passive electronic capacitors. The Company operates in two segments: Solid Capacitors and Film and Electrolytic. The Solid Capacitors segment operates in nine manufacturing sites in the United States, Mexico and China. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors, which are sold globally.