Kemet Corp. (NYSE:KEM) dropped 1.8% on Thursday . The company traded as low as $3.26 and last traded at $3.32, with a volume of 91,321 shares changing hands. The stock had previously closed at $3.38.

KEM has been the subject of a number of research analyst reports. TheStreet raised Kemet Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Zacks Investment Research lowered Kemet Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. Finally, B. Riley reaffirmed a “buy” rating and set a $4.75 target price on shares of Kemet Corp. in a research report on Sunday, July 31st.

The stock’s 50-day moving average price is $3.20 and its 200 day moving average price is $2.41. The company’s market cap is $153.04 million.

Kemet Corp. (NYSE:KEM) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company earned $184.90 million during the quarter, compared to analysts’ expectations of $183.13 million. Kemet Corp.’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.01 earnings per share. Analysts anticipate that Kemet Corp. will post $0.29 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Kemet Corp. stock. Dimensional Fund Advisors LP increased its position in shares of Kemet Corp. (NYSE:KEM) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 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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