Insider Buying: SCHMID Group (NASDAQ:SHMD) Director Purchases 33,000 Shares

Key Points

• Director Ralf Speth purchased 33,000 SCHMID Group shares at an average price of $3.05, investing $100,650 and increasing his direct stake by 13.96% to 269,311 shares. He also bought 35,000 shares on August 31 for $113,750.
• SCHMID Group reported a quarterly loss of $0.46 per share on revenue of $26.25 million. The stock opened at $3.15, compared with a 52-week range of $2.00 to $10.65.
• Wall Street Zen downgraded the stock from “hold” to “sell,” and the company currently has an average analyst rating of Sell; institutional investors own 46.03% of shares.

SCHMID Group N.V. (NASDAQ:SHMD - Get Free Report) Director Ralf Speth acquired 33,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was bought at an average price of $3.05 per share, with a total value of $100,650.00. Following the transaction, the director directly owned 269,311 shares in the company, valued at approximately $821,398.55. This represents a 13.96% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, August 31st, Ralf Speth bought 35,000 shares of SCHMID Group stock. The stock was bought at an average cost of $3.25 per share, with a total value of $113,750.00.

SCHMID Group Stock Performance

Shares of SHMD stock opened at $3.15 on Tuesday. SCHMID Group N.V. has a 1 year low of $2.00 and a 1 year high of $10.65. The firm's 50 day moving average is $4.44 and its 200-day moving average is $5.67.

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 for the quarter. The company had revenue of $26.25 million for the quarter.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On SCHMID Group

Institutional investors have recently modified their holdings of the business. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of SCHMID Group during the third quarter worth $40,000. Jane Street Group LLC acquired a new stake in shares of SCHMID Group in the 4th quarter valued at about $106,000. Citadel Advisors LLC bought a new stake in shares of SCHMID Group in the second quarter valued at about $111,000. HRT Financial LP acquired a new position in shares of SCHMID Group during the fourth quarter worth about $130,000. Finally, XTX Topco Ltd acquired a new position in shares of SCHMID Group during the fourth quarter worth about $137,000. Institutional investors own 46.03% of the company's stock.

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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