Shares of SCHMID Group N.V. (NASDAQ:SHMD - Get Free Report) were down 10.3% during trading on Thursday. The stock traded as low as $2.64 and last traded at $2.79. Approximately 1,153,239 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 1,830,345 shares. The stock had previously closed at $3.11.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of SCHMID Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 26th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of "Sell".
Check Out Our Latest Research Report on SHMD
SCHMID Group Stock Down 10.3%
The business has a 50 day moving average price of $3.79 and a two-hundred day moving average price of $5.00.
SCHMID Group (NASDAQ:SHMD - Get Free Report) last released its earnings results on Friday, August 14th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $26.25 million during the quarter.
Insiders Place Their Bets
In other SCHMID Group news, Director Ralf Speth bought 35,000 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was purchased at an average cost of $3.25 per share, with a total value of $113,750.00. Following the transaction, the director directly owned 236,311 shares in the company, valued at $768,010.75. This trade represents a 17.39% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Arthur Josef Hermann Schuetz sold 11,394 shares of SCHMID Group stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $4.51, for a total value of $51,386.94. Following the sale, the chief financial officer owned 42,118 shares in the company, valued at $189,952.18. The trade was a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have acquired 137,000 shares of company stock valued at $432,440. Insiders own 15.11% of the company's stock.
Institutional Trading of SCHMID Group
A number of large investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in SCHMID Group in the second quarter worth about $282,000. Engineers Gate Manager LP bought a new position in shares of SCHMID Group during the 2nd quarter valued at approximately $182,000. Corsair Capital Management L.P. bought a new position in shares of SCHMID Group during the 1st quarter valued at approximately $148,000. Finally, Citadel Advisors LLC bought a new position in shares of SCHMID Group during the 2nd quarter valued at approximately $111,000. Hedge funds and other institutional investors own 46.03% of the company's stock.
About SCHMID Group
(
Get Free Report)
SCHMID Group N.V. is a Germany-based provider of equipment, production systems and manufacturing solutions for advanced industrial applications. Through its operating businesses, the company serves customers in the electronics, semiconductor, printed circuit board, photovoltaic, energy storage and glass industries.
Its offerings include process and production equipment, automation systems, integrated manufacturing lines and related engineering and service capabilities. SCHMID's technologies are designed to support production processes such as surface treatment, coating, cleaning, structuring and other specialized manufacturing steps used in high-technology products.
The company traces its origins to 1864 and has developed an international presence serving manufacturers in Europe, Asia and other global markets.
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