Kemet Corporation (NYSE:KEM)’s share price traded up 9.2% during mid-day trading on Friday . The stock traded as high as $20.11 and last traded at $19.97. 4,238,745 shares changed hands during mid-day trading, an increase of 177% from the average session volume of 1,532,339 shares. The stock had previously closed at $18.28.
Several equities analysts have issued reports on the company. Zacks Investment Research raised Kemet from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine lowered Kemet from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. TheStreet lowered Kemet from a “b” rating to a “c” rating in a research report on Thursday, November 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $27.50 target price on shares of Kemet in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $22.50.
The company has a quick ratio of 1.73, a current ratio of 2.51 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1,130.00, a PE ratio of 4.07 and a beta of 3.45.
In other news, CFO William M. Lowe, Jr. sold 21,903 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total transaction of $352,200.24. Following the transaction, the chief financial officer now directly owns 523,038 shares of the company’s stock, valued at $8,410,451.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.88% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in shares of Kemet during the fourth quarter worth approximately $146,000. Fox Run Management L.L.C. grew its holdings in Kemet by 184.2% during the fourth quarter. Fox Run Management L.L.C. now owns 31,550 shares of the electronics maker’s stock worth $475,000 after buying an additional 20,450 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Kemet by 12.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 246,688 shares of the electronics maker’s stock worth $3,716,000 after buying an additional 27,325 shares in the last quarter. Creative Planning grew its holdings in Kemet by 79.1% during the fourth quarter. Creative Planning now owns 32,948 shares of the electronics maker’s stock worth $496,000 after buying an additional 14,553 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Kemet during the third quarter worth $656,000. 69.79% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This story was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.chaffeybreeze.com/2018/01/19/kemet-kem-trading-9-2-higher.html.
Kemet Company Profile
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.
Receive News & Ratings for Kemet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kemet and related companies with MarketBeat.com's FREE daily email newsletter.