SmartKem, Inc. $SMTK Stock Holdings Raised by AIGH Capital Management LLC

AIGH Capital Management LLC raised its stake in SmartKem, Inc. (NASDAQ:SMTK) by 50.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 438,685 shares of the company’s stock after purchasing an additional 147,004 shares during the period. AIGH Capital Management LLC owned 9.90% of SmartKem worth $439,000 as of its most recent SEC filing.

SmartKem Stock Performance

SMTK opened at $2.11 on Monday. The company has a 50-day moving average of $1.49 and a 200-day moving average of $1.49. The company has a market capitalization of $9.59 million, a P/E ratio of -0.79 and a beta of 4.72. SmartKem, Inc. has a 1-year low of $0.58 and a 1-year high of $7.80.

SmartKem (NASDAQ:SMTK) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.30) EPS for the quarter. The firm had revenue of $0.03 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SmartKem in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

SmartKem Profile

SmartKem, Inc develops electronics transistors using its proprietary advanced semiconductor materials. Its technology can be used in a range of applications including next generation MicroLED, LCD and AMOLED displays, as well as advanced computer and AI chip packaging, and a new type of sensor. The company was founded on September 21, 2018 and is headquartered in Blackley, the United Kingdom.