Shimmick Corporation (NASDAQ:SHIM) Director Sells $13,790.00 in Stock

Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 7,000 shares of Shimmick stock in a transaction that occurred 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 sale, the director directly owned 21,337,390 shares in the company, valued at approximately $42,034,658.30. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shimmick Stock Performance

Shares of SHIM traded down $0.02 during mid-day trading on Thursday, reaching $1.99. The company had a trading volume of 11,484 shares, compared to its average volume of 384,232. The firm has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.94. Shimmick Corporation has a 52 week low of $1.30 and a 52 week high of $4.94. The company has a market capitalization of $70.19 million, a price-to-earnings ratio of -0.60 and a beta of 0.80.

Shimmick (NASDAQ:SHIM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.31) by $0.09. The company had revenue of $122.00 million for the quarter, compared to analysts' expectations of $94.35 million. Shimmick had a negative net margin of 20.98% and a negative return on equity of 9,647.06%. During the same quarter in the previous year, the business posted ($1.15) EPS. As a group, research analysts forecast that Shimmick Corporation will post -2.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shimmick

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC lifted 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 valued at $1,259,000 after purchasing an additional 141,861 shares in the last quarter. LPL Financial LLC bought a new position in Shimmick during the 4th quarter valued at about $284,000. Sanders Morris Harris LLC lifted its position in 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 period. Finally, Thompson Davis & CO. Inc. lifted its position in Shimmick by 21.6% during the first quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company's stock valued at $81,000 after purchasing an additional 8,000 shares during the period. 6.94% of the stock is owned by institutional investors.

Shimmick Company Profile

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.