KEMET Co. (NYSE:KEM) CEO Per Olof Loof sold 5,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $17.56, for a total value of $96,580.00. Following the sale, the chief executive officer now owns 1,124,822 shares of the company’s stock, valued at approximately $19,751,874.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
KEMET Co. (NYSE:KEM) traded up $0.53 during trading on Wednesday, reaching $17.72. The company had a trading volume of 1,003,525 shares, compared to its average volume of 2,090,550. The stock has a market capitalization of $992.86, a PE ratio of 3.51 and a beta of 3.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.74 and a current ratio of 2.49. KEMET Co. has a 12 month low of $7.95 and a 12 month high of $27.35.
KEMET (NYSE:KEM) last released its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, beating 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 business had revenue of $306.40 million during the quarter, compared to analyst estimates of $295.68 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. KEMET’s revenue for the quarter was up 63.0% on a year-over-year basis. equities research analysts anticipate that KEMET Co. will post 1.62 EPS for the current fiscal year.
A number of analysts recently commented on the company. B. Riley upped their price objective on KEMET from $22.50 to $24.75 and gave the company a “buy” rating in a research report on Friday, February 2nd. ValuEngine upgraded KEMET from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut KEMET from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, TheStreet cut KEMET from a “b” rating to a “c” rating in a research 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. The stock presently has an average rating of “Buy” and an average target price of $19.58.
COPYRIGHT VIOLATION WARNING: “KEMET Co. (KEM) CEO Per Olof Loof Sells 5,500 Shares” was published by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2018/02/14/kemet-co-kem-ceo-per-olof-loof-sells-5500-shares.html.
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.