Kemet Stock Gaps Down On Today's Open (KEM)

NEW YORK (TheStreet) -- Shares of Kemet Corporation (NYSE:KEM) were gapping down Friday morning with an open price 10.5% lower than Thursday's closing price. The stock closed at $7.52 Thursday and opened today's trading at $6.73.

The average volume for Kemet has been 316,900 shares per day over the past 30 days. Kemet has a market cap of $349.2 million and is part of the technology sector and electronics industry. Shares are up 6.7% year to date as of the close of trading on Thursday.

KEMET Corporation, together with its subsidiaries, manufactures and sells capacitors worldwide. Its products include tantalum, multilayer ceramic, film, electrolytic, paper, and solid aluminum capacitors. The company has a P/E ratio of 10.4, below the average electronics industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kemet as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Kemet Ratings Report.

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