Company shares last traded at $26.15 significantly above the 50 day moving average of $22.73 and which is well above the 200 day moving average of $17.02. The 50 day moving average was up $3.42 whereas the 200 day moving average was up $9.13 or +53.63%. 1,789K shares changed hands in the last trading session. Shares saw a steep increase in trading volume of 1,738.90% over the normal average daily volume.
Investors are a little more bullish on the company considering the fall in short interest. The company realized a fall in short interest of -5.39% as of the latest report on September 29, 2017. Short interest decreased from 2,647,427 to 2,504,750 over that timeframe. With short interest at 2,504,750 and short average daily volume at 3,145,282, the short-interest ratio is 1.0 and the percentage of shorted shares was 0.05% on September 29.
Here is a rundown on some insider market activity for Kemet Corporation New (NYSE:KEM). Stefano Vetralla, VP, Chief Human Resources disclosed the sale of 9,000 shares of KEM stock. The shares were sold on August 9th for an average price of $18.74. The VP, Chief Human Resources now owns $804,489 of the stock according to the SEC filing. Frank G. Brandenberg, Director disclosed the sale of 11,525 shares of (KEM). The shares were purchased at an average price of $23.12. Brandenberg now owns $1,387,223 of the stock per the Form 4 SEC filing.
These firms have modified their investment in KEM. As of the end of the quarter Balter Liquid Alternatives, LLC had sold 11,952 shares trimming its position 30.8%. The value of the investment in Kemet Corporation New went from $497,000 to $568,000 a change of 14.3% quarter to quarter. As of quarter end Bank Of Montreal /can/ had disposed of a total of 95,300 shares trimming its holdings by 30.0%. The value of the investment in KEM increased from $4,064,000 to $4,695,000 increasing 15.5% quarter over quarter.
As of the end of the quarter Reilly Financial Advisors, LLC had bought 600 shares growing its stake by 30.0%. The value in dollars went from $26,000 to $55,000 a change of $29,000 since the last quarter. As of the end of the quarter Robeco Institutional Asset Management B.v. had acquired a total of 8,564 shares growing its stake by 4.3%. The value of the investment in (KEM) increased from $2,578,000 to $4,436,000 a change of 72.1% for the reporting period.
The company currently has a P/E ratio of 5.42 and the market value is 1.25B. In the latest earnings report the EPS was $4.82 and is expected to be $1.59 for the current year with 47,694,000 shares now outstanding. Next quarter’s EPS is estimated at $0.40 with next year’s EPS projected to be $1.68.
KEMET Corporation (KEMET), launched on July 9, 1990, is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Company offers multilayer ceramic, solid and electrolytic aluminum and film capacitors. The Business’s product offerings include surface mount, which are attached directly to the circuit board; leaded capacitors, which are attached to the circuit board using lead wires, and chassis-mount and other pin-through-hole board-mount capacitors, which utilize attachment methods, such as screw terminal and snap-in..