Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 7,000 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $1.97, for a total value of $13,790.00. Following the completion of the transaction, the director directly owned 21,337,390 shares in the company, valued at approximately $42,034,658.30. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shimmick Price Performance
Shares of SHIM stock traded up $0.03 during trading hours on Friday, reaching $2.02. The company had a trading volume of 5,493 shares, compared to its average volume of 385,656. The company has a 50 day moving average of $1.68 and a 200 day moving average of $1.92. The firm has a market cap of $71.21 million, a price-to-earnings ratio of -0.61 and a beta of 0.80. Shimmick Corporation has a 1-year low of $1.30 and a 1-year high of $4.94.
Shimmick (NASDAQ:SHIM - Get Free Report) last posted its quarterly 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. The company had revenue of $122.00 million for 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 quarter in the prior year, the business posted ($1.15) EPS. As a group, sell-side analysts forecast that Shimmick Corporation will post -2.48 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. lifted its holdings in Shimmick by 21.6% during the first quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company's stock worth $81,000 after acquiring an additional 8,000 shares in the last quarter. Sanders Morris Harris LLC lifted its holdings in 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 acquiring an additional 30,276 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Shimmick by 41.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company's stock valued at $1,259,000 after purchasing an additional 141,861 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Shimmick in the 4th quarter valued at about $284,000. 6.94% of the stock is currently owned by 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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