SCHMID Group (NASDAQ:SHMD) Stock: Insider Arthur Josef Hermann Schuetz Sells 11,394 Shares

Key Points

• CFO Arthur Josef Hermann Schuetz sold 11,394 SCHMID Group shares at an average price of $4.51, totaling approximately $51,387. The sale covered tax-withholding obligations tied to vested equity awards and reduced his holdings by 21.29% to 42,118 shares.
• SCHMID shares fell 8.4% to $4.45, with trading volume exceeding its average. The company recently reported a quarterly loss of $0.48 per share on revenue of $26.25 million.
• Institutional investors and hedge funds own 46.03% of the stock, while analyst sentiment remains negative: the consensus rating is “Sell,” despite one recent upgrade from “Sell” to “Hold.”

SCHMID Group N.V. (NASDAQ:SHMD - Get Free Report) CFO Arthur Josef Hermann Schuetz sold 11,394 shares of the firm's stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $4.51, for a total transaction of $51,386.94. Following the sale, the chief financial officer owned 42,118 shares of the company's stock, valued at $189,952.18. This represents a 21.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SCHMID Group Stock Down 8.4%

Shares of SHMD stock traded down $0.41 during trading on Thursday, hitting $4.45. 1,451,329 shares of the stock traded hands, compared to its average volume of 883,130. SCHMID Group N.V. has a 52-week low of $2.32 and a 52-week high of $10.65. The firm's fifty day moving average price is $4.04 and its 200-day moving average price is $5.28.

SCHMID Group (NASDAQ:SHMD - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.48) earnings per share for the quarter. The company had revenue of $26.25 million during the quarter.

Hedge Funds Weigh In On SCHMID Group

Several large investors have recently made changes to their positions in SHMD. Citadel Advisors LLC purchased a new position in shares of SCHMID Group during the 2nd quarter worth approximately $111,000. Corsair Capital Management L.P. purchased a new stake in SCHMID Group in the first quarter valued at approximately $148,000. Engineers Gate Manager LP purchased a new stake in SCHMID Group in the second quarter valued at approximately $182,000. Finally, Integrated Wealth Concepts LLC acquired a new position in SCHMID Group during the second quarter worth $282,000. 46.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded SCHMID Group from a "sell" rating to a "hold" rating in a report on Saturday, September 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SCHMID Group has a consensus rating of "Sell".

SCHMID Group Company Profile

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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