Somewhat Positive Media Coverage Somewhat Unlikely to Impact KMG Chemicals (KMG) Share Price
News headlines about KMG Chemicals (NYSE:KMG) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. KMG Chemicals earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave media coverage about the specialty chemicals company an impact score of 47.0341064591533 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- KMG Chemicals, Inc. (KMG) Major Shareholder Sells $307,500.00 in Stock (americanbankingnews.com)
- David L. Hatcher Sells 6,000 Shares of KMG Chemicals, Inc. (KMG) Stock (americanbankingnews.com)
- KMG Chemicals, Inc. breached its 50 day moving average in a Bullish Manner : KMG-US : November 13, 2017 (finance.yahoo.com)
- Growing Industrialization will Influence the Wood Preservative Coatings Market Growth 2017 – 2027 (satprnews.com)
- Insider Selling: KMG Chemicals, Inc. (KMG) Major Shareholder Sells 9,000 Shares of Stock (americanbankingnews.com)
KMG Chemicals (NYSE KMG) traded up $0.43 during midday trading on Friday, hitting $52.10. The company had a trading volume of 138,882 shares, compared to its average volume of 101,351. The company has a quick ratio of 1.64, a current ratio of 2.52 and a debt-to-equity ratio of 3.01. The company has a market capitalization of $774.70, a PE ratio of 23.10 and a beta of 0.56. KMG Chemicals has a 12 month low of $31.46 and a 12 month high of $61.10.
KMG Chemicals (NYSE:KMG) last posted its earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.16. The company had revenue of $96.26 million for the quarter, compared to analysts’ expectations of $96.00 million. KMG Chemicals had a return on equity of 17.45% and a net margin of 7.09%. The firm’s revenue was up 27.8% compared to the same quarter last year. equities analysts anticipate that KMG Chemicals will post 2.77 EPS for the current year.
Several analysts recently issued reports on KMG shares. Zacks Investment Research cut KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub cut KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.
In other KMG Chemicals news, major shareholder David L. Hatcher sold 3,000 shares of KMG Chemicals stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $47.50, for a total transaction of $142,500.00. Following the sale, the insider now directly owns 1,616,097 shares of the company’s stock, valued at approximately $76,764,607.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David L. Hatcher sold 6,000 shares of KMG Chemicals stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $51.25, for a total value of $307,500.00. The disclosure for this sale can be found here. Insiders sold 237,000 shares of company stock worth $12,267,090 over the last three months. 6.10% of the stock is owned by insiders.
KMG Chemicals Company Profile
KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.
Receive News & Ratings for KMG Chemicals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KMG Chemicals Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.