Shimmick Corporation (NASDAQ:SHIM) Director Mitchell B. Goldsteen Sells 7,000 Shares

Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 7,000 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $1.97, for a total value of $13,790.00. Following the sale, the director owned 21,337,390 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shimmick Stock Up 1.5%

Shares of NASDAQ SHIM traded up $0.03 during midday trading on Friday, hitting $2.02. The stock had a trading volume of 5,493 shares, compared to its average volume of 382,717. The company has a market capitalization 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. The company has a fifty day moving average price of $1.68 and a 200 day moving average price of $1.94.

Shimmick (NASDAQ:SHIM - Get Free Report) last released 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 analyst estimates 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 period in the previous year, the company posted ($1.15) EPS. On average, research analysts forecast that Shimmick Corporation will post -2.48 EPS for the current year.

Hedge Funds Weigh In On Shimmick

Hedge funds and other institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. lifted its stake in shares of Shimmick by 21.6% in the 1st 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 in the last quarter. LPL Financial LLC acquired a new position in Shimmick during the 4th quarter worth approximately $284,000. Pacific Ridge Capital Partners LLC lifted 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 worth $1,259,000 after acquiring an additional 141,861 shares in the last quarter. Finally, Sanders Morris Harris LLC lifted its position in Shimmick by 4.2% during the 1st 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. 6.94% of the stock is owned by institutional investors and hedge funds.

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.