KMG Chemicals, Inc. (NYSE:KMG) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded KMG Chemicals, Inc. (NYSE:KMG) to Sell in a statement released on 10/17/2016.
Boasting a price of $29.05, KMG Chemicals, Inc. (NYSE:KMG) traded -0.51% lower on the day. With the last stock price close up 13.15% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. KMG Chemicals, Inc. has recorded a 50-day average of $27.88 and a two hundred day average of $25.67. Volume of trade was up over the average, with 63,045 shares of KMG changing hands over the typical 48,332
With a total market value of $0, KMG Chemicals, Inc. has price-earnings ratio of 18.97 with a one year low of $18.87 and a one year high of $30.14 .
More About KMG Chemicals, Inc. (NYSE:KMG)
KMG Chemicals, Inc. manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals. The Company's Electronic chemicals are sold to the semiconductor industry where they are used to clean and etch silicon wafers in the production of semiconductors. The Company's other chemicals segment includes its wood treating chemicals business and its industrial valve lubricants and sealants business. In its wood treating chemicals business, the Company supplies pentachlorophenol (penta) to industrial customers who use this preservative to pressure treat wood products, primarily utility poles and cross-arms. It manufactures and distributes industrial sealants, lubricants and related equipment.
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