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