Somewhat Favorable News Coverage Somewhat Unlikely to Impact Kemet Corporation (KEM) Stock Price
Media stories about Kemet Corporation (NYSE:KEM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kemet Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the electronics maker an impact score of 45.374849787726 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Kemet Corporation (KEM) Short Interest Up 48.7% in August (americanbankingnews.com)
- Global dielectric elastomers (DES) market outlook 2012-2022 insights shared in detailed report (whatech.com)
- KEMET Corporation (KEM) Going Through Hard Times This Year – StockNewsMagazine (stocknewsmagazine.com)
- Can KEMET Corp (KEM) Thread the Needle? Technical Update – FLBC News (flbcnews.com)
- KEMET Corporation (KEM) stock market shares of $21.18 – Stocks Gallery (stocksgallery.com)
A number of equities analysts have recently issued reports on the company. BidaskClub raised Kemet Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and set a $12.00 price target on shares of Kemet Corporation in a research report on Friday, July 14th. B. Riley reissued a “buy” rating and set a $24.25 price target on shares of Kemet Corporation in a research report on Thursday, August 3rd. TheStreet raised Kemet Corporation from a “c+” rating to a “b” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised Kemet Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Thursday, May 4th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $18.08.
Kemet Corporation (KEM) opened at 23.08 on Thursday. The company has a market cap of $1.10 billion, a P/E ratio of 4.79 and a beta of 3.60. The stock’s 50 day moving average price is $17.89 and its 200-day moving average price is $13.42. Kemet Corporation has a 52-week low of $3.24 and a 52-week high of $23.40.
Kemet Corporation (NYSE:KEM) last released its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.18 by $0.15. Kemet Corporation had a return on equity of 20.21% and a net margin of 33.25%. The company had revenue of $274 million for the quarter, compared to analyst estimates of $282.52 million. During the same period last year, the company posted $0.06 earnings per share. The firm’s revenue was up 48.2% compared to the same quarter last year. On average, equities analysts predict that Kemet Corporation will post $1.57 earnings per share for the current fiscal year.
In other news, Director Wilfried Backes sold 20,000 shares of Kemet Corporation stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $20.47, for a total transaction of $409,400.00. Following the sale, the director now directly owns 87,934 shares of the company’s stock, valued at $1,800,008.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles C. Meeks, Jr. sold 30,000 shares of Kemet Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $18.89, for a total value of $566,700.00. Following the sale, the insider now directly owns 259,781 shares in the company, valued at $4,907,263.09. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,334 shares of company stock worth $1,309,892. Corporate insiders own 3.88% of the company’s stock.
Kemet Corporation 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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