IBD 50 Stock Kemet Continues Streak Of Multiyear Highs

Electronic component supplier Kemet (KEM) saw its stock hit its fourth multiyear high in as many trading days on Thursday.

Simpsonville, S.C.-based Kemet manufactures capacitors, which store electrical energy, that are used in many different products, such as smartphones, personal computers and hybrid and electric vehicles.

Kemet shares were up 0.3%, near 25.40, in afternoon trading on the stock market today. Earlier in the session, it reached 25.64, its highest level since May 2007.

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