News articles about SMTC Corporation (NASDAQ:SMTX) have been trending somewhat negative on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SMTC Corporation earned a news impact score of -0.15 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
SMTC Corporation (NASDAQ SMTX) opened at 1.22 on Tuesday. SMTC Corporation has a 1-year low of $1.10 and a 1-year high of $1.85. The firm has a 50-day moving average price of $1.26 and a 200 day moving average price of $1.34. The stock’s market cap is $20.51 million.
SMTC Corporation (NASDAQ:SMTX) last issued its quarterly earnings data on Tuesday, May 16th. The technology company reported ($0.10) earnings per share (EPS) for the quarter. SMTC Corporation had a negative return on equity of 10.68% and a negative net margin of 0.99%. The business had revenue of $33.18 million during the quarter. On average, equities research analysts anticipate that SMTC Corporation will post $0.53 EPS for the current fiscal year.
In other news, CEO Edward J. Smith purchased 24,500 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was purchased at an average cost of $1.23 per share, with a total value of $30,135.00. Following the purchase, the chief executive officer now owns 14,200 shares in the company, valued at approximately $17,466. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Red Oak Partners, Llc acquired 31,450 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were bought at an average price of $1.29 per share, with a total value of $40,570.50. The disclosure for this purchase can be found here. Insiders purchased a total of 230,036 shares of company stock valued at $291,078 over the last three months. Corporate insiders own 23.00% of the company’s stock.
About SMTC Corporation
SMTC Corporation (SMTC) is a provider of electronics manufacturing services (EMS). The Company’s manufacturing services include product design and sustaining engineering services, printed circuit board assembly (PCBA), production, enclosure fabrication, systems integration and testing services, configuration to order, build to order and direct order fulfillment.
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