Mitchell B. Goldsteen Sells 7,000 Shares of Shimmick Corporation (NASDAQ:SHIM) Stock

Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $2.02, for a total transaction of $14,140.00. Following the sale, the director owned 21,324,580 shares in the company, valued at approximately $43,075,651.60. The trade was a 0.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shimmick Stock Performance

SHIM traded down $0.11 during trading on Friday, reaching $2.16. 17,893 shares of the company traded hands, compared to its average volume of 166,928. Shimmick Corporation has a 12-month low of $1.30 and a 12-month high of $4.94. The firm has a fifty day simple moving average of $1.74 and a 200 day simple moving average of $1.90. The company has a market cap of $76.18 million, a P/E ratio of -0.66 and a beta of 0.80.

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

Institutional Trading of Shimmick

Several institutional investors and hedge funds have recently made changes to their positions in SHIM. LPL Financial LLC bought a new stake in shares of Shimmick during the fourth quarter worth $284,000. Pacific Ridge Capital Partners LLC lifted its position in shares of Shimmick by 41.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company's stock worth $1,259,000 after purchasing an additional 141,861 shares during the last quarter. Sanders Morris Harris LLC lifted its position in shares of Shimmick by 4.2% during the first quarter. Sanders Morris Harris LLC now owns 742,941 shares of the company's stock worth $1,337,000 after purchasing an additional 30,276 shares during the last quarter. Finally, Thompson Davis & CO. Inc. raised its holdings in shares of Shimmick by 21.6% in the first quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company's stock valued at $81,000 after acquiring an additional 8,000 shares in the last quarter. 6.94% of the stock is currently owned by institutional investors.

About Shimmick

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.