SMTC Co. (NASDAQ:SMTX) CEO Edward J. Smith acquired 20,000 shares of SMTC stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of $3.37 per share, with a total value of $67,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of SMTX traded up $0.05 during trading hours on Friday, hitting $3.30. 78,900 shares of the company were exchanged, compared to its average volume of 53,257. The company has a market capitalization of $92.47 million, a PE ratio of 55.00 and a beta of 0.64. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.47 and a quick ratio of 0.87. The firm has a fifty day simple moving average of $3.80 and a 200-day simple moving average of $3.89. SMTC Co. has a one year low of $2.52 and a one year high of $5.98.
SMTC (NASDAQ:SMTX) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. The business had revenue of $90.94 million during the quarter, compared to analyst estimates of $98.75 million. SMTC had a positive return on equity of 4.82% and a negative net margin of 0.49%. Sell-side analysts expect that SMTC Co. will post 0.06 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ridgewood Investments LLC boosted its stake in shares of SMTC by 39.1% during the 2nd quarter. Ridgewood Investments LLC now owns 20,307 shares of the technology company’s stock worth $78,000 after acquiring an additional 5,707 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of SMTC in the second quarter worth $86,000. Sigma Planning Corp acquired a new stake in shares of SMTC in the first quarter worth $91,000. Dimensional Fund Advisors LP boosted its position in shares of SMTC by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 143,531 shares of the technology company’s stock worth $586,000 after buying an additional 3,979 shares during the period. Finally, Essex Investment Management Co. LLC boosted its position in shares of SMTC by 72.7% in the second quarter. Essex Investment Management Co. LLC now owns 276,532 shares of the technology company’s stock worth $1,067,000 after buying an additional 116,371 shares during the period. 12.98% of the stock is owned by institutional investors and hedge funds.
SMTC Corporation provides electronics manufacturing services worldwide. The company offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services.
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