SCHMID Group (NASDAQ:SHMD) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded SCHMID Group from “sell” to “hold,” reflecting a less negative view of the stock.
• SCHMID shares opened at $4.37, with a 52-week range of $2.32 to $10.65. The company reported a quarterly loss of $0.46 per share on revenue of $26.25 million.
• Insiders purchased 137,000 shares worth $432,440 over the past 90 days, while institutional investors own 46.03% of the stock.

SCHMID Group (NASDAQ:SHMD - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

SCHMID Group Price Performance

Shares of NASDAQ SHMD opened at $4.37 on Friday. SCHMID Group has a 1-year low of $2.32 and a 1-year high of $10.65. The business's 50 day moving average is $4.03 and its two-hundred day moving average is $5.33.

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

Insider Buying and Selling at SCHMID Group

In other news, Director Anette Schmid bought 69,000 shares of SCHMID Group stock in a transaction dated Sunday, August 30th. The shares were acquired at an average price of $3.16 per share, with a total value of $218,040.00. Following the completion of the purchase, the director owned 13,749,589 shares in the company, valued at $43,448,701.24. The trade was a 0.50% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ralf Speth bought 35,000 shares of the stock in a transaction dated Monday, August 31st. The stock was purchased at an average price of $3.25 per share, with a total value of $113,750.00. Following the acquisition, the director directly owned 236,311 shares in the company, valued at approximately $768,010.75. The trade was a 17.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 137,000 shares of company stock valued at $432,440 over the last ninety days. 15.11% of the stock is owned by insiders.

Hedge Funds Weigh In On SCHMID Group

Several hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in SCHMID Group in the second quarter worth about $282,000. Engineers Gate Manager LP purchased a new position in shares of SCHMID Group during the second quarter valued at approximately $182,000. Corsair Capital Management L.P. bought a new position in shares of SCHMID Group during the first quarter valued at approximately $148,000. Finally, Citadel Advisors LLC bought a new position in shares of SCHMID Group during the second quarter valued at approximately $111,000. 46.03% of the stock is currently owned by institutional investors.

About SCHMID Group

SCHMID Group N.V. is a Germany-based technology company that develops and manufactures equipment, production systems and process solutions for high-tech industries. Its activities are focused primarily on electronics manufacturing, including printed circuit boards and related applications, as well as clean-energy and advanced-materials markets.

The company's product portfolio includes systems for wet-chemical processing, surface treatment, coating, laser processing, automation and other specialized manufacturing steps.

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