SMTC Co. (NASDAQ:SMTX) CEO Edward J. Smith purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of $3.37 per share, for a total transaction of $67,400.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SMTC stock traded up $0.05 during mid-day trading on Friday, hitting $3.30. 78,900 shares of the company’s stock were exchanged, compared to its average volume of 53,257. The firm has a market capitalization of $92.47 million, a P/E ratio of 55.00 and a beta of 0.64. SMTC Co. has a fifty-two week low of $2.52 and a fifty-two week high of $5.98. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 1.44. The company’s 50 day simple moving average is $3.80 and its 200-day simple moving average is $3.89.

SMTC (NASDAQ:SMTX) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The business had revenue of $90.94 million for the quarter, compared to the consensus estimate of $98.75 million. SMTC had a positive return on equity of 4.82% and a negative net margin of 0.49%. Research analysts expect that SMTC Co. will post 0.06 EPS for the current year.

A number of research analysts have recently weighed in on SMTX shares. ValuEngine downgraded SMTC from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet raised SMTC from a “d+” rating to a “c-” rating in a research note on Monday, July 15th. Finally, Zacks Investment Research raised SMTC from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $7.50.

Hedge funds have recently added to or reduced their stakes in the business. Wynnefield Capital Inc. lifted its position in SMTC by 12.2% during the second quarter. Wynnefield Capital Inc. now owns 1,972,360 shares of the technology company’s stock worth $7,613,000 after acquiring an additional 214,386 shares during the last quarter. Essex Investment Management Co. LLC lifted its position in SMTC by 72.7% during the second quarter. Essex Investment Management Co. LLC now owns 276,532 shares of the technology company’s stock worth $1,067,000 after acquiring an additional 116,371 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in SMTC during the second quarter worth approximately $86,000. Ridgewood Investments LLC lifted its position in SMTC by 39.1% during the second 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 during the last quarter. Finally, Sigma Planning Corp acquired a new stake in SMTC during the first quarter worth approximately $91,000. Hedge funds and other institutional investors own 12.98% of the company’s stock.

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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