Shimmick (NASDAQ:SHIM – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03, FiscalAI reports. The firm had revenue of $141.92 million during the quarter, compared to the consensus estimate of $120.20 million.
Shimmick Stock Performance
Shimmick stock traded up $0.30 during trading hours on Thursday, hitting $2.52. The company had a trading volume of 109,974 shares, compared to its average volume of 28,753. Shimmick has a 1 year low of $1.30 and a 1 year high of $3.78. The firm has a market cap of $89.01 million, a P/E ratio of -1.47 and a beta of 0.74. The company has a 50-day moving average price of $2.61 and a two-hundred day moving average price of $2.18.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Shimmick in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.
Insider Buying and Selling at Shimmick
In other news, Director Mitchell B. Goldsteen sold 9,229 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $3.32, for a total value of $30,640.28. Following the completion of the sale, the director owned 21,125,079 shares of the company’s stock, valued at approximately $70,135,262.28. This represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 67.10% of the stock is owned by insiders.
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.
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