The stock of KMG Chemicals, Inc. (NYSE:KMG) hit a new 52-week high and has $75.99 target or 146.00% above today’s $30.89 share price. The 9 months bullish chart indicates low risk for the $378.26M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $75.99 price target is reached, the company will be worth $552.26M 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 27,402 shares traded hands. KMG Chemicals, Inc. (NYSE:KMG) has risen 41.60% since April 11, 2016 and is uptrending. It has outperformed by 35.46% 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 upgraded by Global Hunter Securities on Wednesday, August 26 to “Neutral”. The stock of KMG Chemicals, Inc. (NYSE:KMG) earned “Strong-Buy” rating by Zacks on Wednesday, August 12. The rating was upgraded by Seaport Global Securities to “Buy” on Friday, December 11. The firm has “Hold” rating by Zacks given on Monday, August 31.
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 Q2 2016. 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.
Earnest Prtn Ltd Com holds 1,700 shares or 0% of its portfolio. Moreover, Deutsche Fincl Bank Ag has 0% invested in KMG Chemicals, Inc. (NYSE:KMG) for 36,581 shares. Ironwood Inv Management Lc has 0.53% invested in the company for 27,350 shares. Millennium Limited Company holds 0.01% or 112,816 shares in its portfolio. Thomson Horstmann & Bryant reported 75,480 shares or 0.25% of all its holdings. Panagora Asset Mgmt Incorporated accumulated 14,853 shares or 0% of the stock. Manufacturers Life Insur The last reported 7,085 shares in the company. Rhumbline Advisers has 0% invested in the company for 12,744 shares. Blackrock accumulated 2,409 shares or 0% of the stock. New York State Common Retirement Fund, a New York-based fund reported 8,800 shares. D E Shaw reported 26,308 shares or 0% of all its holdings. Pnc Fincl Gru accumulated 82 shares or 0% of the stock. Trigran Invests reported 1.75M shares or 11.97% of all its holdings. The New York-based Citigroup has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). The New York-based Mufg Americas Holdg has invested 0% in KMG Chemicals, Inc. (NYSE:KMG).
More recent KMG Chemicals, Inc. (NYSE:KMG) news were published by: Marketwatch.com which released: “KMG Chemicals rockets 12%, paces NYSE gainers after Q1 results late Thursday” on September 24, 2011. Also Nasdaq.com published the news titled: “KMG Chemicals, Inc. (KMG) Ex-Dividend Date Scheduled for October 06, 2016” on October 05, 2016. Zacks.com‘s news article titled: “Strength seen in KMG Chemicals (KMG): Stock Soars 7.6%” with publication date: October 17, 2016 was also an interesting one.
KMG Company Profile
KMG Chemicals, Inc., incorporated on July 30, 1992, makes, formulates and globally distributes specialty chemicals. The Firm operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Firm operates through two divisions: Electronic chemicals and Other chemicals. The Firm operates through its subsidiaries, KMG Electronic Chemicals, Inc. (KMG EC), KMG-Bernuth, Inc. (KMG Bernuth) and KMG Val-Tex, LLC (Val-Tex).
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