Shimmick Co. (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 8,090 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $1.70, for a total value of $13,753.00. Following the completion of the sale, the director now directly owns 21,407,966 shares in the company, valued at $36,393,542.20. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shimmick Stock Up 1.8%
Shimmick stock traded up $0.03 during trading hours on Monday, hitting $1.68. 8,637 shares of the stock traded hands, compared to its average volume of 383,686. The firm's 50-day moving average price is $1.59 and its two-hundred day moving average price is $2.05. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60. The company has a market cap of $57.83 million, a PE ratio of -0.43 and a beta of 0.75. Shimmick Co. has a one year low of $1.30 and a one year high of $4.94.
Shimmick (NASDAQ:SHIM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $122.00 million for the quarter, compared to analysts' expectations of $94.35 million. Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. During the same period in the previous year, the firm posted ($1.15) EPS. On average, research analysts forecast that Shimmick Co. will post -2.48 EPS for the current year.
Institutional Trading of Shimmick
Several large investors have recently bought and sold shares of SHIM. Pacific Ridge Capital Partners LLC boosted its position in Shimmick by 41.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company's stock valued at $1,259,000 after acquiring an additional 141,861 shares in the last quarter. LPL Financial LLC bought a new stake in Shimmick during the 4th quarter valued at approximately $284,000. Thompson Davis & CO. Inc. purchased a new position in shares of Shimmick during the fourth quarter valued at approximately $96,000. Finally, Sanders Morris Harris LLC lifted its holdings 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 valued at $1,337,000 after purchasing an additional 30,276 shares during the last quarter. 6.94% of the stock is owned by institutional investors.
About Shimmick
(
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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