Notable Runner: Is Buying 52-Week Stock Like KMG Chemicals, Inc. a Winning Strategy?

Notable Runner: Is Buying 52 Week Stock Like KMG Chemicals, Inc. a Winning Strategy?

The stock of KMG Chemicals, Inc. (NYSE:KMG) hit a new 52-week high and has $73.47 target or 142.00% above today’s $30.36 share price. The 7 months bullish chart indicates low risk for the $359.57 million company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $73.47 price target is reached, the company will be worth $510.59 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 21,492 shares traded hands. KMG Chemicals, Inc. (NYSE:KMG) has risen 30.23% since March 16, 2016 and is uptrending. It has outperformed by 24.69% the S&P500.

KMG Chemicals, Inc. (NYSE:KMG) Ratings Coverage

Out of 2 analysts covering KMG Chemicals (NYSE:KMG), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. KMG Chemicals has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks to “Hold” on Monday, August 31. Seaport Global Securities upgraded KMG Chemicals, Inc. (NYSE:KMG) on Friday, December 11 to “Buy” rating. Zacks downgraded KMG Chemicals, Inc. (NYSE:KMG) on Wednesday, August 12 to “Strong-Buy” rating. The stock of KMG Chemicals, Inc. (NYSE:KMG) has “Neutral” rating given on Wednesday, August 26 by Global Hunter Securities.

According to Zacks Investment Research, “KMG Chemicals manufactures, markets and distributes specialty, niche chemicals. The company manufactures, markets and distributes three wood preserving chemicals, pentachlorophenol, creosote and sodium pentachlorophenate, to industrial customers engaged in the wood preserving business. The company’s customers use these preservatives to treat wood and supply the treated wood products to end-users in a variety of industries, principally the railroad, utility and construction industries.”

Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.31, from 0.94 in 2016Q1. The ratio improved, as 5 funds sold all KMG Chemicals, Inc. shares owned while 27 reduced positions. 17 funds bought stakes while 23 increased positions. They now own 7.99 million shares or 11.62% less from 9.04 million shares in 2016Q1.
Trigran Investments has invested 11.97% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Us National Bank & Trust De reported 22,741 shares or 0% of all its holdings. Dimensional Fund Advsr Lp has invested 0.01% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Brown Advisory reported 333,876 shares or 0.03% of all its holdings. Millennium Mngmt Lc has 0.01% invested in the company for 112,816 shares. Geode Mgmt holds 0% or 56,691 shares in its portfolio. Eagle Advisors Limited Liability Corp has invested 0.02% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Gradient Investments Ltd Limited Liability Company has invested 0.01% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Morgan Dempsey Cap Mgmt Limited Company reported 100,430 shares or 0.88% of all its holdings. Mufg Americas has invested 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Blackrock Advsrs Limited owns 4,789 shares or 0% of their US portfolio. Moreover, Blackrock Invest Management Ltd Limited Liability Company has 0% invested in KMG Chemicals, Inc. (NYSE:KMG) for 38,061 shares. Fuller And Thaler Asset Mgmt holds 2,500 shares or 0% of its portfolio. Metropolitan Life Ny accumulated 0% or 7,486 shares. Moreover, Barclays Public Limited Company has 0% invested in KMG Chemicals, Inc. (NYSE:KMG) for 309 shares.

More news for KMG Chemicals, Inc. (NYSE:KMG) were recently published by: Marketwatch.com, which released: “KMG Chemicals rockets 12%, paces NYSE gainers after Q1 results late Thursday” on September 24, 2011. Nasdaq.com‘s article titled: “KMG Chemicals, Inc. (KMG) Ex-Dividend Date Scheduled for October 06, 2016” and published on October 05, 2016 is yet another important article.

KMG Company Profile

KMG Chemicals, Inc., incorporated on July 30, 1992, makes, formulates and globally distributes specialty chemicals. The Firm operates through two divisions: Electronic chemicals and Other chemicals. The Firm operates businesses engaged in selling electronic chemicals, industrial wood treating chemicals and industrial valve lubricants and sealants. The Firm operates through its subsidiaries, KMG Electronic Chemicals, Inc. (KMG EC), KMG-Bernuth, Inc. (KMG Bernuth) and KMG Val-Tex, LLC (Val-Tex).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment