Shimmick Corporation (NASDAQ:SHIM - Get Free Report) shares 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 trading, a decline of 53% from the average session volume of 50,090 shares. The stock had previously closed at $2.95.
Shimmick Stock Up 1.3%
The stock's 50 day moving average price is $2.41 and its 200-day moving average price is $1.91. The stock has a market capitalization of $111.95 million, a PE ratio of -1.85 and a beta of 0.88.
Insider Buying and Selling at Shimmick
In related news, Director Mitchell B. Goldsteen sold 9,229 shares of Shimmick stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $3.32, for a total value of $30,640.28. Following the completion of the sale, the director directly owned 21,125,079 shares in the company, valued at $70,135,262.28. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 239,101 shares of company stock valued at $493,644 in the last ninety days. Insiders own 67.10% of the company's stock.
Hedge Funds Weigh In On Shimmick
A hedge fund recently raised its stake in Shimmick stock. Thompson Davis & CO. Inc. boosted its position in Shimmick Corporation (NASDAQ:SHIM - Free Report) by 21.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,000 shares of the company's stock after purchasing an additional 8,000 shares during the quarter. Thompson Davis & CO. Inc. owned approximately 0.13% of Shimmick worth $81,000 at the end of the most recent reporting period. 6.94% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
Before you consider Shimmick, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shimmick wasn't on the list.
While Shimmick currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
