Shimmick Corporation (NASDAQ:SHIM - Get Free Report) shares rose 1.5% during mid-day trading on Wednesday . The stock traded as high as $2.07 and last traded at $2.07. Approximately 13,524 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 369,617 shares. The stock had previously closed at $2.04.
Shimmick Price Performance
The company has a 50-day moving average of $1.73 and a 200-day moving average of $1.91.
Shimmick (NASDAQ:SHIM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.09. Shimmick had a negative return on equity of 9,647.06% and a negative net margin of 20.98%. The business had revenue of $122.00 million during the quarter, compared to analyst estimates of $94.35 million. During the same period in the previous year, the firm earned ($1.15) EPS. Research analysts anticipate that Shimmick Corporation will post -2.48 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Mitchell B. Goldsteen sold 29,639 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1.99, for a total value of $58,981.61. Following the completion of the transaction, the director directly owned 21,353,437 shares in the company, valued at approximately $42,493,339.63. The trade was a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 156,125 shares of company stock valued at $280,951. 67.10% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Shimmick
Several institutional investors have recently bought and sold shares of SHIM. Pacific Ridge Capital Partners LLC lifted its stake in Shimmick by 41.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company's stock valued at $1,259,000 after acquiring an additional 141,861 shares in the last quarter. LPL Financial LLC bought a new stake in Shimmick in the 4th quarter valued at approximately $284,000. Sanders Morris Harris LLC lifted its stake in Shimmick by 4.2% in the 1st quarter. Sanders Morris Harris LLC now owns 742,941 shares of the company's stock valued at $1,337,000 after acquiring an additional 30,276 shares in the last quarter. Finally, Thompson Davis & CO. Inc. lifted its stake in Shimmick by 21.6% in the 1st 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 in the last quarter. Institutional investors own 6.94% of the company's stock.
Shimmick Company Profile
(
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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