Schmitt Industries, Inc. (NASDAQ:SMIT) issued its quarterly earnings data on Friday. The scientific and technical instruments company reported ($0.14) EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $3.65 million for the quarter. Schmitt Industries had a negative return on equity of 14.26% and a negative net margin of 8.66%.
Shares of Schmitt Industries (SMIT) opened at 1.7699 on Tuesday. The company’s 50-day moving average price is $1.76 and its 200 day moving average price is $1.67. Schmitt Industries has a 52 week low of $1.37 and a 52 week high of $4.49. The firm’s market cap is $5.30 million.
About Schmitt Industries
Schmitt Industries, Inc designs, manufactures and sells test and measurement products for two main business segments: the Balancer segment and the Measurement segment. The Company operates through two segments: the design and assembly of dynamic balancing systems and components for the machine tool industry (Balancer), and the design and assembly of laser-based test and measurement systems (Measurement).
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