Shimmick (NASDAQ:SHIM) Trading Up 5.1% - What's Next?

Shimmick Corporation (NASDAQ:SHIM - Get Free Report)'s stock price traded up 5.1% during mid-day trading on Monday . The company traded as high as $3.10 and last traded at $3.10. 23,522 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 50,090 shares. The stock had previously closed at $2.95.

Shimmick Stock Performance

The stock has a fifty day moving average price of $2.38 and a 200-day moving average price of $1.91. The firm has a market capitalization of $110.90 million, a PE ratio of -1.84 and a beta of 0.88.

Insiders Place Their Bets

In related news, Director Mitchell B. Goldsteen sold 30,805 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $2.23, for a total transaction of $68,695.15. Following the transaction, the director directly owned 21,134,308 shares in the company, valued at $47,129,506.84. The trade was a 0.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 239,101 shares of company stock worth $493,644. 67.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Shimmick stock. Thompson Davis & CO. Inc. increased its holdings in shares of Shimmick Corporation (NASDAQ:SHIM - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,000 shares of the company's stock after buying an additional 8,000 shares during the quarter. Thompson Davis & CO. Inc. owned 0.13% of Shimmick worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 6.94% of the company's stock.

About Shimmick

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.