KEMET Co. (NYSE:KEM) CFO William M. Lowe, Jr. sold 24,700 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $16.93, for a total value of $418,171.00. Following the completion of the sale, the chief financial officer now directly owns 461,570 shares of the company’s stock, valued at approximately $7,814,380.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
KEMET Co. (NYSE KEM) traded up $0.85 on Tuesday, reaching $18.22. The company had a trading volume of 2,638,061 shares, compared to its average volume of 2,191,242. KEMET Co. has a 12-month low of $7.58 and a 12-month high of $27.35. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1,030.00, a price-to-earnings ratio of 3.71 and a beta of 3.63.
KEMET (NYSE:KEM) last posted its earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.16. KEMET had a return on equity of 22.51% and a net margin of 28.33%. The firm had revenue of $306.40 million during the quarter, compared to analyst estimates of $295.68 million. During the same period in the previous year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 63.0% on a year-over-year basis. research analysts expect that KEMET Co. will post 1.45 EPS for the current year.
Several equities research analysts recently commented on the company. Zacks Investment Research raised KEMET from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. B. Riley boosted their price target on KEMET from $22.50 to $24.75 and gave the company a “buy” rating in a research note on Friday. ValuEngine raised KEMET from a “hold” rating to a “buy” rating in a research note on Friday. Finally, TheStreet lowered KEMET from a “b” rating to a “c” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. KEMET currently has an average rating of “Buy” and a consensus target price of $19.58.
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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.
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