SCHMID Group (NASDAQ:SHMD) Rating Lowered to Sell at Wall Street Zen

SCHMID Group (NASDAQ:SHMD) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

SCHMID Group Stock Performance

SCHMID Group stock opened at $3.01 on Friday. The stock has a 50-day moving average of $4.80 and a two-hundred day moving average of $5.90. SCHMID Group has a one year low of $2.00 and a one year high of $10.65.

SCHMID Group (NASDAQ:SHMD) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.46) EPS for the quarter. The firm had revenue of $26.25 million for the quarter.

Institutional Trading of SCHMID Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SHMD. Sculptor Capital LP acquired a new position in SCHMID Group during the second quarter valued at $587,000. Corsair Capital Management L.P. purchased a new stake in SCHMID Group in the first quarter valued at $148,000. Geode Capital Management LLC acquired a new stake in SCHMID Group during the 4th quarter worth about $156,000. XTX Topco Ltd acquired a new stake in SCHMID Group during the 4th quarter worth about $137,000. Finally, HRT Financial LP acquired a new stake in SCHMID Group during the 4th quarter worth about $130,000. Institutional investors and hedge funds own 46.03% of the company’s stock.

About SCHMID Group

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.