Wall Street Zen cut shares of SCHMID Group (NASDAQ:SHMD – Free Report) from a hold rating to a sell rating in a research report released on Saturday morning,Wall Street Zen reports.
SCHMID Group Stock Performance
SCHMID Group stock opened at $2.46 on Friday. SCHMID Group has a 1 year low of $2.09 and a 1 year high of $10.65. The company’s 50-day moving average is $3.39 and its two-hundred day moving average is $5.47.
SCHMID Group (NASDAQ:SHMD – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.48) earnings per share (EPS) for the quarter. The business had revenue of $26.25 million for the quarter.
Insider Activity at SCHMID Group
In other news, Director Ralf Speth acquired 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average price of $3.05 per share, for a total transaction of $100,650.00. Following the completion of the acquisition, the director owned 269,311 shares in the company, valued at $821,398.55. This trade represents a 13.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anette Schmid acquired 69,000 shares of the firm’s stock in a transaction that occurred on Sunday, August 30th. The shares were purchased at an average price of $3.16 per share, with a total value of $218,040.00. Following the acquisition, the director owned 13,749,589 shares of the company’s stock, valued at approximately $43,448,701.24. This trade represents a 0.50% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 137,000 shares of company stock worth $432,440 in the last ninety days. Company insiders own 15.11% of the company’s stock.
Hedge Funds Weigh In On SCHMID Group
A number of hedge funds and other institutional investors have recently made changes to their positions in SHMD. Joel Isaacson & Co. LLC bought a new stake in shares of SCHMID Group in the 3rd quarter valued at $289,000. Engineers Gate Manager LP acquired a new stake in SCHMID Group during the 2nd quarter worth $182,000. Integrated Wealth Concepts LLC bought a new position in SCHMID Group during the second quarter worth about $282,000. Citadel Advisors LLC bought a new position in SCHMID Group during the second quarter worth about $111,000. Finally, Corsair Capital Management L.P. bought a new position in SCHMID Group during the first quarter worth about $148,000. 46.03% of the stock is owned by institutional investors.
SCHMID Group Company Profile
SCHMID Group N.V. (NASDAQ: SHMD) is a technology company that develops and manufactures production equipment and process solutions for the electronics, semiconductor and renewable energy industries. Its systems are used in the fabrication and treatment of printed circuit boards, semiconductor components and photovoltaic products.
The company’s product portfolio includes equipment for wet-chemical processing, cleaning, etching, coating, plating and other surface-treatment processes. SCHMID also provides integrated production systems, engineering and related services designed to support customers’ manufacturing operations and improve process efficiency.
Founded in Germany in 1864, SCHMID Group serves industrial customers internationally, with operations and business relationships spanning Europe, Asia and other global markets.
Further Reading
- Five stocks we like better than SCHMID Group
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for SCHMID Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCHMID Group and related companies with MarketBeat.com's FREE daily email newsletter.
