Shimmick Co. (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 7,900 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $1.62, for a total value of $12,798.00. Following the transaction, the director now directly owns 21,568,650 shares in the company, valued at $34,941,213. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shimmick Price Performance
Shares of NASDAQ:SHIM opened at $1.67 on Friday. The business has a fifty day simple moving average of $2.27 and a 200 day simple moving average of $2.43. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60. Shimmick Co. has a 1 year low of $1.47 and a 1 year high of $7.75. The firm has a market cap of $56.44 million, a price-to-earnings ratio of -0.43 and a beta of 0.59.
Shimmick (NASDAQ:SHIM - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.91) EPS for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.62). Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. The firm had revenue of $103.55 million during the quarter, compared to analyst estimates of $118.90 million. During the same quarter in the previous year, the company posted ($0.59) earnings per share. As a group, sell-side analysts predict that Shimmick Co. will post -2.48 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Shimmick
A number of hedge funds have recently added to or reduced their stakes in SHIM. Sanders Morris Harris LLC grew its stake in shares of Shimmick by 20.7% during the fourth quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company's stock valued at $1,846,000 after purchasing an additional 122,442 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in Shimmick by 41.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company's stock worth $1,259,000 after buying an additional 141,861 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Shimmick in the 4th quarter valued at $284,000. Thompson Davis & CO. Inc. bought a new stake in shares of Shimmick during the fourth quarter worth $96,000. Finally, Avanza Fonder AB acquired a new position in shares of Shimmick during the fourth quarter valued at $52,000. Institutional investors own 6.94% of the company's stock.
About Shimmick
(
Get Free Report)
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.
Further Reading
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