Mitchell B. Goldsteen Sells 28,223 Shares of Shimmick Corporation (NASDAQ:SHIM) Stock

Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 28,223 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $2.10, for a total value of $59,268.30. Following the completion of the sale, the director owned 21,264,583 shares in the company, valued at $44,655,624.30. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shimmick Price Performance

Shares of SHIM stock traded down $0.03 during trading hours on Friday, hitting $2.09. 10,620 shares of the company's stock were exchanged, compared to its average volume of 26,350. Shimmick Corporation has a 52 week low of $1.30 and a 52 week high of $4.94. The stock's 50-day moving average is $1.78 and its 200-day moving average is $1.88. The stock has a market cap of $73.71 million, a price-to-earnings ratio of -0.64 and a beta of 0.80.

Shimmick (NASDAQ:SHIM - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.09. Shimmick had a negative return on equity of 9,647.06% and a negative net margin of 20.98%. The firm had revenue of $122.00 million for the quarter, compared to analyst estimates of $94.35 million. During the same quarter in the prior year, the firm posted ($1.15) earnings per share. Equities research analysts forecast that Shimmick Corporation will post -2.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Thompson Davis & CO. Inc. boosted its stake in shares of Shimmick by 21.6% during the 1st quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company's stock worth $81,000 after acquiring an additional 8,000 shares during the period. LPL Financial LLC bought a new position in shares of Shimmick during the 4th quarter worth approximately $284,000. Pacific Ridge Capital Partners LLC boosted its stake in shares of 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 acquiring an additional 141,861 shares during the period. Finally, Sanders Morris Harris LLC boosted its stake in shares of Shimmick by 4.2% during the 1st quarter. Sanders Morris Harris LLC now owns 742,941 shares of the company's stock worth $1,337,000 after acquiring an additional 30,276 shares during the period. 6.94% of the stock is currently owned by institutional investors.

Shimmick Company Profile

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.