Kemet Corp. (KEM) Sees Large Volume Increase
Kemet Corp. (NYSE:KEM) saw strong trading volume on Tuesday . 214,670 shares traded hands during mid-day trading, an increase of 36% from the previous session’s volume of 158,252 shares.The stock last traded at $3.12 and had previously closed at $2.99.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Kemet Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 6th. B. Riley assumed coverage on shares of Kemet Corp. in a report on Saturday, May 28th. They issued a “buy” rating and a $4.75 price target for the company.
The stock has a 50 day moving average of $2.81 and a 200 day moving average of $2.18. The firm’s market cap is $146.56 million.
Kemet Corp. (NYSE:KEM) last posted 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. During the same period in the prior year, the firm earned ($0.04) earnings per share. The firm earned $183.90 million during the quarter, compared to analyst estimates of $180.81 million. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities analysts forecast that Kemet Corp. will post $0.33 earnings per share for the current year.
An institutional investor recently raised its position in Kemet Corp. stock. Dimensional Fund Advisors LP boosted its stake in shares of Kemet Corp. (NYSE:KEM) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,078,678 shares of the company’s stock after buying an additional 89,908 shares during the period. Dimensional Fund Advisors LP owned approximately 4.53% of Kemet Corp. worth $4,927,000 as of its most recent SEC filing.
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.
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