Shimmick Co. (NASDAQ:SHIM - Get Free Report)'s stock price shot up 3.8% during mid-day trading on Monday . The stock traded as high as $1.65 and last traded at $1.62. 10,965 shares were traded during mid-day trading, a decline of 97% from the average session volume of 389,617 shares. The stock had previously closed at $1.56.
Shimmick Stock Performance
The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60. The company has a market cap of $56.11 million, a P/E ratio of -0.42 and a beta of 0.84. The company has a 50 day moving average price of $1.59 and a 200-day moving average price of $2.09.
Shimmick (NASDAQ:SHIM - Get Free Report) last announced its earnings results 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. Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. The business had revenue of $122.00 million during the quarter, compared to analysts' expectations of $94.35 million. During the same quarter last year, the business posted ($1.15) earnings per share. Equities analysts expect that Shimmick Co. will post -2.48 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. bought a new position in Shimmick during the fourth quarter valued at about $96,000. LPL Financial LLC bought a new position in Shimmick during the fourth quarter valued at about $284,000. Pacific Ridge Capital Partners LLC boosted its stake in 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 buying an additional 141,861 shares in the last quarter. Finally, Sanders Morris Harris LLC boosted its stake 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 buying an additional 30,276 shares in the last quarter. Institutional investors own 6.94% of the company's stock.
About Shimmick
(
Get Free Report)
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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