SCHMID Group (NASDAQ:SHMD) Issues Quarterly Earnings Results

SCHMID Group (NASDAQ:SHMD) released its quarterly earnings data on Friday. The company reported $999.00 EPS for the quarter, Zacks reports.

SCHMID Group Stock Performance

Shares of NASDAQ:SHMD opened at $6.87 on Friday. The company has a fifty day simple moving average of $6.12 and a 200 day simple moving average of $6.33. SCHMID Group has a 12-month low of $2.00 and a 12-month high of $10.65.

Institutional Trading of SCHMID Group

Institutional investors and hedge funds have recently bought and sold shares of the company. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in SCHMID Group during the third quarter valued at approximately $40,000. Jane Street Group LLC bought a new stake in shares of SCHMID Group in the 4th quarter valued at approximately $106,000. HRT Financial LP bought a new stake in shares of SCHMID Group in the 4th quarter valued at approximately $130,000. XTX Topco Ltd bought a new stake in shares of SCHMID Group in the 4th quarter valued at approximately $137,000. Finally, Geode Capital Management LLC bought a new stake in shares of SCHMID Group in the 4th quarter valued at approximately $156,000. Institutional investors and hedge funds own 46.03% of the company’s stock.

Analysts Set New Price Targets

SHMD has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of SCHMID Group in a research note on Tuesday, February 17th. Wall Street Zen lowered shares of SCHMID Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

SCHMID Group Company Profile

Schmid Group AG is a global engineering and manufacturing company specializing in flexible packaging and barrier coating technologies for a range of industries. The company’s core offerings include turnkey coating, metallization and extrusion lamination lines designed to enhance the functional performance of films and substrates used in food, pharmaceutical and medical packaging applications. Schmid Group’s expertise also encompasses process engineering, product development and on-site support services, enabling clients to optimize production efficiency and sustainability in high-volume manufacturing environments.

In addition to its barrier technologies, Schmid Group provides modular solutions for thin-film coating, printing, slitting and winding, as well as machinery for flat glass finishing such as washing, sanding and patterning.