The stock of KMG Chemicals, Inc. (NYSE:KMG) hit a new 52-week high and has $76.03 target or 139.00% above today’s $31.81 share price. The 5 months bullish chart indicates low risk for the $379.57M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $76.03 price target is reached, the company will be worth $527.60M 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. The stock increased 0.57% or $0.18 on November 17, hitting $31.81. About 45,331 shares traded hands or 26.92% up from the average. KMG Chemicals, Inc. (NYSE:KMG) has risen 40.08% since April 15, 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 firm has “Neutral” rating by Global Hunter Securities given on Wednesday, August 26. On Friday, December 11 the stock rating was upgraded by Seaport Global Securities to “Buy”. The rating was downgraded by Zacks on Monday, August 31 to “Hold”. The firm has “Strong-Buy” rating by Zacks given on Wednesday, August 12.
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.
Moreover, Pnc Services Group has 0% invested in KMG Chemicals, Inc. (NYSE:KMG) for 82 shares. Blackrock has 0% invested in the company for 2,409 shares. Nationwide Fund Advisors has 0% invested in the company for 7,316 shares. Bridgeway Capital Mngmt holds 0.05% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG) for 116,700 shares. Tfs Cap Ltd Liability Com last reported 57,522 shares in the company. Blackrock Llc, a Delaware-based fund reported 4,789 shares. California State Teachers Retirement System holds 0% or 18,902 shares in its portfolio. Globeflex Capital Limited Partnership accumulated 52,376 shares or 0.37% of the stock. Teachers Advsr Incorporated holds 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG) for 13,863 shares. Usca Ria reported 19,500 shares or 0.09% of all its holdings. Price T Rowe Assoc Md last reported 0.01% of its portfolio in the stock. State Street Corporation accumulated 137,366 shares or 0% of the stock. Acadian Asset Limited Liability Corp holds 0.03% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG) for 210,710 shares. Secor Capital Advsrs Lp accumulated 11,680 shares or 0.04% of the stock. Blackrock Fund Advsr holds 232,863 shares or 0% of its portfolio.
Another recent and important KMG Chemicals, Inc. (NYSE:KMG) news was published by Marketwatch.com which published an article titled: “KMG Chemicals rockets 12%, paces NYSE gainers after Q1 results late Thursday” on September 24, 2011.
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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