KEMET (NYSE:KEM) was downgraded by equities research analysts at B. Riley from a “buy” rating to a “hold” rating in a report released on Wednesday, The Fly reports. They presently have a $27.20 price objective on the electronics maker’s stock, down from their previous price objective of $29.00. B. Riley’s price objective suggests a potential upside of 3.98% from the company’s current price.
KEM has been the subject of several other reports. Zacks Investment Research lowered KEMET from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. Stifel Nicolaus lowered KEMET from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine upgraded KEMET from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.
KEM opened at $26.16 on Wednesday. The stock has a fifty day moving average of $21.40 and a 200-day moving average of $19.04. The firm has a market capitalization of $1.36 billion, a P/E ratio of 7.76 and a beta of 2.57. KEMET has a 12-month low of $15.55 and a 12-month high of $26.24. The company has a quick ratio of 1.55, a current ratio of 2.49 and a debt-to-equity ratio of 0.42.
Several large investors have recently made changes to their positions in KEM. Meeder Asset Management Inc. purchased a new stake in shares of KEMET during the third quarter worth $37,000. Centaurus Financial Inc. acquired a new position in KEMET during the first quarter worth $42,000. Tower Research Capital LLC TRC increased its position in KEMET by 3,052.5% during the third quarter. Tower Research Capital LLC TRC now owns 3,184 shares of the electronics maker’s stock worth $58,000 after buying an additional 3,083 shares during the last quarter. NEXT Financial Group Inc acquired a new position in KEMET during the second quarter worth $59,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in KEMET by 233.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,836 shares of the electronics maker’s stock worth $72,000 after buying an additional 2,685 shares during the last quarter. Institutional investors and hedge funds own 81.35% of the company’s stock.
KEMET Company Profile
KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates in three segments: Solid Capacitors, Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. It offers tantalum, aluminum polymer, and ceramic capacitors; film, paper, and wet aluminum electrolytic capacitors; electromagnetic interference filters; and electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors.
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