Insider Selling: Shimmick Corporation (NASDAQ:SHIM) Director Sells 7,122 Shares of Stock

Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 7,122 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $1.69, for a total transaction of $12,036.18. Following the completion of the sale, the director directly owned 21,385,692 shares of the company's stock, valued at approximately $36,141,819.48. This 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 the SEC website.

Shimmick Price Performance

NASDAQ SHIM remained flat at $1.71 on Monday. The company's stock had a trading volume of 9,098 shares, compared to its average volume of 383,747. The stock's 50 day moving average price is $1.63 and its two-hundred day moving average price is $1.96. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $58.86 million, a P/E ratio of -0.52 and a beta of 0.76. Shimmick Corporation has a 52-week low of $1.30 and a 52-week high of $4.94.

Shimmick (NASDAQ:SHIM - Get Free Report) last announced 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 during 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 quarter in the prior year, the firm posted ($1.15) earnings per share. As a group, equities research analysts forecast that Shimmick Corporation will post -2.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SHIM. Thompson Davis & CO. Inc. lifted its position in shares of Shimmick by 21.6% in the first quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company's stock worth $81,000 after buying an additional 8,000 shares during the last quarter. Sanders Morris Harris LLC raised its holdings in 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 acquiring an additional 30,276 shares during the period. LPL Financial LLC bought a new position in Shimmick in the 4th quarter worth $284,000. Finally, 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 during 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.