SMTC Co. (NASDAQ:SMTX) CEO Edward J. Smith Acquires 20,000 Shares of Stock

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.

SMTX has been the subject of several research reports. TheStreet raised SMTC from a “d+” rating to a “c-” rating in a research note on Monday, July 15th. Zacks Investment Research raised SMTC from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, ValuEngine lowered SMTC from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $7.50.

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.

About SMTC

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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