Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 15,310 shares of Shimmick stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $1.96, for a total value of $30,007.60. Following the completion of the transaction, the director directly owned 21,181,529 shares of the company's stock, valued at approximately $41,515,796.84. This represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shimmick Stock Up 11.2%
NASDAQ SHIM traded up $0.22 during trading on Wednesday, hitting $2.19. The stock had a trading volume of 29,417 shares, compared to its average volume of 28,390. The company has a market capitalization of $77.24 million, a PE ratio of -0.67 and a beta of 0.82. The firm has a 50 day moving average price of $1.83 and a 200 day moving average price of $1.82. Shimmick Corporation has a twelve month low of $1.30 and a twelve month high of $3.78.
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. The company had revenue of $122.00 million during the quarter, compared to the consensus estimate of $94.35 million. Shimmick had a negative return on equity of 9,647.06% and a negative net margin of 20.98%. During the same period in the previous year, the company posted ($1.15) EPS. On average, sell-side analysts anticipate that Shimmick Corporation will post -2.48 earnings per share for the current year.
Hedge Funds Weigh In On Shimmick
Several institutional investors have recently bought and sold shares of SHIM. Thompson Davis & CO. Inc. boosted its stake in shares of Shimmick by 21.6% in the 1st quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company's stock valued at $81,000 after buying an additional 8,000 shares during the period. LPL Financial LLC purchased a new stake in Shimmick during the fourth quarter worth approximately $284,000. Finally, Sanders Morris Harris LLC lifted its stake in Shimmick by 0.8% during the second quarter. Sanders Morris Harris LLC now owns 749,173 shares of the company's stock worth $1,281,000 after purchasing an additional 6,232 shares during the last quarter. 6.94% of the stock is owned by institutional investors and hedge funds.
Shimmick Company Profile
(
Get Free Report)
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.
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