Shimmick Corporation (NASDAQ:SHIM) Director Mitchell B. Goldsteen Sells 7,122 Shares

Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 7,122 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $1.69, for a total transaction of $12,036.18. Following the completion of the transaction, the director now owns 21,385,692 shares of the company's stock, valued at $36,141,819.48. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shimmick Stock Down 0.9%

NASDAQ SHIM traded down $0.02 during trading hours on Friday, reaching $1.71. 5,876 shares of the company traded hands, compared to its average volume of 382,288. Shimmick Corporation has a 12 month low of $1.30 and a 12 month high of $4.94. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 58.60. The stock has a market capitalization of $58.86 million, a PE ratio of -0.52 and a beta of 0.75. The company has a 50 day moving average of $1.62 and a two-hundred day moving average of $1.99.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. boosted its stake in 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 during the last quarter. LPL Financial LLC bought a new position in Shimmick during the 4th quarter valued at $284,000. Pacific Ridge Capital Partners LLC lifted its position 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 worth $1,259,000 after buying an additional 141,861 shares during the last quarter. Finally, Sanders Morris Harris LLC lifted its position 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 worth $1,337,000 after buying an additional 30,276 shares during the last quarter. 6.94% of the stock is currently 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.

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