Somewhat Positive Media Coverage Somewhat Unlikely to Impact KEMET (KEM) Stock Price

Press coverage about KEMET (NYSE:KEM) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. KEMET earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the electronics maker an impact score of 45.4061043420995 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

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KEM stock traded down $0.53 during trading on Wednesday, hitting $17.49. 1,252,622 shares of the stock traded hands, compared to its average volume of 1,505,119. KEMET has a one year low of $10.76 and a one year high of $27.35. The company has a market capitalization of $994.56, a P/E ratio of 49.97 and a beta of 3.62. The company has a quick ratio of 1.74, a current ratio of 2.49 and a debt-to-equity ratio of 0.70.

KEMET (NYSE:KEM) last announced its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.16. KEMET had a net margin of 28.33% and a return on equity of 22.51%. The firm had revenue of $306.40 million during the quarter, compared to the consensus estimate of $295.68 million. During the same period last year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 63.0% on a year-over-year basis. research analysts expect that KEMET will post 1.62 earnings per share for the current year.

A number of research firms have recently commented on KEM. ValuEngine downgraded shares of KEMET from a “buy” rating to a “hold” rating in a report on Monday. B. Riley raised their price objective on shares of KEMET from $22.50 to $24.75 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of KEMET from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $19.58.

In other KEMET news, Director Joseph Vincent Borruso sold 20,332 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $20.00, for a total value of $406,640.00. Following the completion of the sale, the director now owns 70,134 shares in the company, valued at approximately $1,402,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William M. Lowe, Jr. sold 24,700 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $16.93, for a total transaction of $418,171.00. Following the completion of the sale, the chief financial officer now owns 461,570 shares of the company’s stock, valued at approximately $7,814,380.10. The disclosure for this sale can be found here. Insiders have sold a total of 165,531 shares of company stock valued at $3,036,021 over the last three months. 3.88% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: This report was published by BBNS and is the property of of BBNS. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://baseballnewssource.com/2018/04/04/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-kemet-kem-share-price/2021988.html.

About KEMET

KEMET Corporation, together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide and the TOKIN brand in Japan and Korea. The company operates through three segments: Solid Capacitors; Film and Electrolytics; and Electro-magnetic, Sensors & Actuators.

Insider Buying and Selling by Quarter for KEMET (NYSE:KEM)

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