BWS Financial Gives Buy Rating to KEMET (KEM)
Shares of KEMET traded up 3.25% during mid-day trading on Tuesday, hitting $5.7822. KEMET has a one year low of $5.33 and a one year high of $16.20. The company has a market cap of $258.3 million and a P/E ratio of 43.08.
KEMET last issued its quarterly earnings data on Thursday, May 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.11. The company’s revenue for the quarter was down 19.4% on a year-over-year basis. On average, analysts predict that KEMET will post $0.18 earnings per share next quarter.
KEM has been the subject of a number of other recent research reports. Analysts at Bank of America (NYSE: BAC) downgraded shares of KEMET from a “buy” rating to an “underperform” rating in a research note to investors on Friday, May 11st.
KEMET Corporation (KEMET) is a global manufacturer of a variety of capacitors. Its product offerings include tantalum, multilayer ceramic, solid and electrolytic aluminum, film and paper capacitors.