Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen Sells 8,090 Shares of Stock

Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen sold 8,090 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $1.70, for a total transaction of $13,753.00. Following the transaction, the director now owns 21,407,966 shares in the company, valued at approximately $36,393,542.20. The trade was a 0.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shimmick Stock Performance

SHIM opened at $1.67 on Friday. Shimmick Co. has a 1 year low of $1.30 and a 1 year high of $4.94. The company has a market capitalization of $57.48 million, a PE ratio of -0.43 and a beta of 0.75. The business has a fifty day simple moving average of $1.58 and a 200 day simple moving average of $2.06. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80.

Shimmick (NASDAQ:SHIM) last issued its earnings results on Wednesday, May 14th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.09. The company had revenue of $122.00 million during the quarter, compared to analysts’ expectations of $94.35 million. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. During the same period in the previous year, the company earned ($1.15) EPS. Research analysts expect that Shimmick Co. will post -2.48 EPS for the current year.

Institutional Investors Weigh In On Shimmick

Several large investors have recently modified their holdings of SHIM. Pacific Ridge Capital Partners LLC increased its holdings in Shimmick by 41.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company’s stock worth $1,259,000 after purchasing an additional 141,861 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Shimmick during the fourth quarter worth approximately $284,000. Sanders Morris Harris LLC raised its holdings in Shimmick by 4.2% during the first quarter. Sanders Morris Harris LLC now owns 742,941 shares of the company’s stock worth $1,337,000 after buying an additional 30,276 shares during the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in shares of Shimmick during the fourth quarter valued at about $96,000. 6.94% of the stock is currently owned by institutional investors and hedge funds.

Shimmick Company Profile

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.