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Major Shareholder of KMG Chemicals Sold $88,590.00 in Stock

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Published on : May 25, 2015

KMG Chemicals substantial holder of shares, David L. Hatcher, sells 3,000 shares of KMG Chemicals stock in an exchange that took place on Thursday, May 21st. These shares were sold at a normal cost of $29.53, for an aggregate estimation of $88,590.00. Right after the finish of the deal, the insider now specially possesses 1,959,497 shares in the organization, esteemed at around $57,863,946.41. The exchange was revealed in a legitimate recording with the Securities & Exchange Commission, which is accessible at this connection. Real shareholders that claim more than 10% of an organization's shares are obliged to uncover their exchanges with the SEC. 

Independently, examiners at Zacks minimized shares of KMG Chemicals from an "in number purchase" rating to a "hold" rating in an exploration note on Monday, May 18th. 

Shares of KMG Chemicals opened at 29.54 on Friday. The organization has a business sector top of $345.03 million and a cost to-income proportion of 49.07. 

KMG Chemicals last issued its quarterly income information on Thursday, March 12th. The organization reported $0.30 income per share for the quarter, far reaching the analysts’ agreement evaluation : $0.03 by $0.33. The organization had income of $79.80 million for the quarter, contrasted with the agreement appraisal of $73.90 million. All things considered, examiners foresee that KMG Chemicals will post $0.88 income per share for the current monetary year. 

KMG Chemicals, Inc fabricates, defines and universally disseminates claim to specialty chemicals. The Company works in two fragments: wood treating chemicals and electronic chemicals. The Company's electronic chemicals section gives wet procedure chemicals to the semiconductor business, fundamentally for cleaning and engraving silicon wafers in the generation of semiconductors.