Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 29,639 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1.99, for a total transaction of $58,981.61. Following the sale, the director directly owned 21,353,437 shares in the company, valued at $42,493,339.63. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shimmick Trading Down 0.7%
SHIM traded down $0.01 during midday trading on Friday, hitting $1.92. The company's stock had a trading volume of 13,903 shares, compared to its average volume of 385,894. The firm has a market cap of $65.95 million, a P/E ratio of -0.58 and a beta of 0.80. Shimmick Corporation has a 52-week low of $1.30 and a 52-week high of $4.94. The firm has a 50-day moving average price of $1.66 and a two-hundred day moving average price of $1.95.
Shimmick (NASDAQ:SHIM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $94.35 million. During the same quarter in the previous year, the business earned ($1.15) earnings per share. On average, equities analysts expect that Shimmick Corporation will post -2.48 EPS for the current year.
Institutional Trading of Shimmick
A number of hedge funds and other institutional investors have recently modified their holdings of SHIM. Thompson Davis & CO. Inc. raised its position 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 valued at $81,000 after acquiring an additional 8,000 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Shimmick during the fourth quarter worth $284,000. Pacific Ridge Capital Partners LLC raised its holdings 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 period. Finally, Sanders Morris Harris LLC boosted its holdings in shares of Shimmick by 4.2% in the 1st quarter. Sanders Morris Harris LLC now owns 742,941 shares of the company's stock valued at $1,337,000 after buying an additional 30,276 shares during the period. 6.94% of the stock is owned by hedge funds and other institutional investors.
About Shimmick
(
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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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