Shimmick Corporation (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 18,316 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $2.10, for a total transaction of $38,463.60. Following the completion of the transaction, the director owned 21,292,806 shares of the company's stock, valued at approximately $44,714,892.60. This trade represents a 0.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shimmick Trading Down 1.4%
Shares of SHIM stock traded down $0.03 on Friday, reaching $2.09. 10,620 shares of the stock were exchanged, compared to its average volume of 26,350. The business's 50 day moving average price is $1.78 and its 200 day moving average price is $1.88. The company has a market capitalization of $73.71 million, a price-to-earnings ratio of -0.64 and a beta of 0.80. Shimmick Corporation has a twelve month low of $1.30 and a twelve month high of $4.94.
Shimmick (NASDAQ:SHIM - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.22) EPS for the quarter, topping analysts' consensus estimates of ($0.31) by $0.09. The firm had revenue of $122.00 million during the quarter, compared to the consensus estimate 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 firm posted ($1.15) earnings per share. Equities research analysts forecast that Shimmick Corporation will post -2.48 earnings per share for the current year.
Hedge Funds Weigh In On Shimmick
A number of institutional investors and hedge funds have recently modified their holdings of SHIM. Thompson Davis & CO. Inc. lifted its position in Shimmick by 21.6% in the first 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 acquired a new position in shares of Shimmick during the fourth quarter worth about $284,000. Pacific Ridge Capital Partners LLC increased its stake 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 worth $1,259,000 after acquiring an additional 141,861 shares during the period. Finally, Sanders Morris Harris LLC increased its stake in shares of 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 during the period. Institutional investors and hedge funds own 6.94% of the company's stock.
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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