KMG Chemicals (KMG) Looks Good: Stock Moves 27.4% Higher
KMG Chemicals Inc. KMG was a big mover last session, as the company saw its shares rise more than 27% on the day. The upside came after the company reported earnings per share of 39 cents for first-quarter fiscal 2016. The news led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is now trading above the near-flat price range of $19.03 to $19.96 over the past one month time frame.
None of the estimates for this stock were revised in the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
KMG Chemicals carries a Zacks Rank #3 (Hold).
A better-ranked stock in the chem-specialty industry is Chemtura Corporation CHMT, with a Zacks Rank #2 (Buy).
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