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KEMET (KEM) Catches Eye: Stock Rallies 22.9% in Session

KEMET CorporationKEM was a big mover last session, as its shares rose almost 23% on the day. The move came after the company announced that it would acquire NEC TOKIN from NEC Corporation. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 49% in the past one-month time frame.

The company has seen two positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same timeframe, suggesting that more solid trading could be ahead for KEMET. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

KEM currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Kemet Corporation Price

Kemet Corporation Price | Kemet Corporation Quote

A better-ranked stock in the Electronics - Miscellaneous Components space is AU Optronics Corp AUO , carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

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AU Optronics Corp (AUO): Free Stock Analysis Report

Kemet Corporation (KEM): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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