Kemet Corp. (NYSE:KEM)’s share price hit a new 52-week high on Monday . The company traded as high as $3.40 and last traded at $3.40, with a volume of 72,719 shares changing hands. The stock had previously closed at $3.39.

Several equities analysts recently issued reports on KEM shares. Zacks Investment Research lowered Kemet Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. B. Riley started coverage on Kemet Corp. in a research report on Monday, May 23rd. They set a “buy” rating and a $4.75 price target on the stock.

The stock has a 50-day moving average of $2.96 and a 200-day moving average of $2.24. The company’s market cap is $157.20 million.

Kemet Corp. (NYSE:KEM) last announced its earnings results on Tuesday, May 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.03. The business earned $183.90 million during the quarter, compared to analyst estimates of $180.81 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. Equities research analysts predict that Kemet Corp. will post $0.33 earnings per share for the current year.

A hedge fund recently raised its stake in Kemet Corp. stock. Royce & Associates LLC increased its stake in shares of Kemet Corp. (NYSE:KEM) by 8.0% during the fourth quarter, according to its most recent filing with the SEC. The fund 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.

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