Schmitt Industries - SMIT Stock Forecast, Price & News

Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company operates through two segments, Measurement and Ice Cream. The Measurement segment designs, manufactures, and sells laser and confocal chromatic white light sensors for distance measurement and dimensional sizing products under the Acuity brand name for various industrial applications, including manufacturing, lumber production, steel casting, glass and paper production, medical imaging, crane control and micron-level part, and surface inspection. It also offers AR550 high speed laser sensor for application in vibration measurements, scanning of roads, vehicle crash tests, and ballistic measurements; AS2100, an accurate distance sensor, used in metal production, transportation industry, process control, and fill level measurement applications; and satellite focused remote tank monitoring products under the Xact brand that measure the fill levels of tanks holding propane, diesel, and other tank-based liquids, as well as related monitoring services, including transmission of fill data from the tanks via satellite to a secure website for display. The Ice Cream segment manufactures, wholesales, and retails ice creams and ice cream cakes, as well as sells through its website; and serves ice cream at catering events and holds various community-building events comprising ice cream classes, and live comedy and music performances through Ample Hills Creamery brand. Schmitt Industries, Inc. was founded in 1984 and is headquartered in Portland, Oregon.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded shares of Schmitt Industries from a "c-" rating to a "d+" rating in a research note on Monday, June 13th.

Schmitt Industries Stock Performance

NASDAQ:SMIT opened at $4.14 on Wednesday. The firm has a market capitalization of $15.84 million, a P/E ratio of -4.76 and a beta of 0.94. The firm's fifty day moving average price is $4.15 and its two-hundred day moving average price is $4.51. Schmitt Industries has a 1 year low of $3.61 and a 1 year high of $6.76. The company has a current ratio of 1.34, a quick ratio of 0.77 and a debt-to-equity ratio of 3.00.