Published on : May 18, 2015
KMG Chemicals (NYSE:KMG) significant shareholder David L. Hatcher sold 3,000 shares of KMG Chemicals stock in an exchange dated Friday, May 15th. The shares were sold at a normal cost of $29.63, for an aggregate exchange of $88,890.00. Taking after the deal, the insider now straightforwardly possesses 1,965,497 shares in the organization, esteemed at more or less $58,237,676.11. The exchange was revealed in a legitimate documenting with the Securities & Exchange Commission, which can be gotten to through this connection. Real shareholders that claim no less than 10% of an organization's stock are obliged to reveal their exchanges with the SEC.
KMG has been the subject of various late research reports. Investigators at Zacks emphasized an "in number purchase" rating and set a $32.00 value focus on shares of KMG Chemicals in an exploration note on Friday, May 1st. independently, experts at TheStreet updated shares of KMG Chemicals from a "hold" rating to a "purchase" rating in an research note on Wednesday, February 18th.
KMG Chemicals (NYSE:KMG) last posted that its quarterly profit comes about on Thursday, March 12th. The organization reported $0.30 profit per share for the quarter, beating the experts' agreement evaluation of ($0.03) by $0.33. The organization had income of $79.80 million for the quarter, contrasted with the accord evaluation of $73.90 million. Experts expect that KMG Chemicals will post $0.88 EPS for the current monetary year.
KMG Chemicals, Inc produces, defines and globally allocates specialty chemicals. The Company has procured and operates organizations offering electronic chemicals and industrial wood treating chemicals. The Company works in two portions: electronic chemicals and wood treating chemicals. The Company's electronic chemicals segment gives wet process chemicals to the semiconductor industry, fundamentally to clean and engrave silicon wafers in the creation of semiconductors.