Insider Buying: SCHMID Group (NASDAQ:SHMD) Director Purchases $113,750.00 in Stock

Key Points

• Director Ralf Speth increased his SCHMID Group stake by purchasing 35,000 shares for $113,750 at $3.25 each, following an additional 33,000-share purchase worth $100,650. His holdings rose to 236,311 shares.
• SCHMID Group shares opened at $3.15, well below their 50-day and 200-day moving averages of $4.44 and $5.67, respectively. The company recently reported a quarterly loss of $0.46 per share on $26.25 million in revenue.
• Analyst sentiment remains negative: Wall Street Zen downgraded the stock to “sell,” and the company has an overall average rating of “Sell,” despite institutional investors owning 46.03% of shares.

SCHMID Group N.V. (NASDAQ:SHMD - Get Free Report) Director Ralf Speth bought 35,000 shares of the stock in a transaction on Monday, August 31st. The stock was purchased at an average cost of $3.25 per share, for a total transaction of $113,750.00. Following the acquisition, the director owned 236,311 shares of the company's stock, valued at $768,010.75. This trade represents a 17.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ralf Speth also recently made the following trade(s):

• On Wednesday, September 2nd, Ralf Speth purchased 33,000 shares of SCHMID Group stock. The stock was acquired at an average price of $3.05 per share, for a total transaction of $100,650.00.

SCHMID Group Stock Performance

Shares of SHMD opened at $3.15 on Tuesday. The business has a 50-day simple moving average of $4.44 and a two-hundred day simple moving average of $5.67. SCHMID Group N.V. has a 52 week low of $2.00 and a 52 week high of $10.65.

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

Hedge Funds Weigh In On SCHMID Group

A number of large investors have recently bought and sold shares of SHMD. Sculptor Capital LP bought a new stake in SCHMID Group during the 2nd quarter valued at $587,000. Corsair Capital Management L.P. bought a new stake in SCHMID Group during the first quarter valued at about $148,000. Geode Capital Management LLC purchased a new position in SCHMID Group in the fourth quarter valued at about $156,000. XTX Topco Ltd purchased a new stake in shares of SCHMID Group during the fourth quarter valued at about $137,000. Finally, HRT Financial LP bought a new stake in shares of SCHMID Group in the 4th quarter valued at about $130,000. Institutional investors own 46.03% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of SCHMID Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Sell".

SCHMID Group Company Profile

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.

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