NASDAQ:SMIT

Schmitt Industries - SMIT Stock Forecast, Price & News

$2.16

+0.06 (+2.86%)

(As of 10/6/2022 12:00 AM ET)

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Today's Range: $2.12
▼
$2.17
50-Day Range: $1.87
▼
$4.46
52-Week Range: $1.81
▼
$6.76

Volume: 10,619 shs
Average Volume: 17,585 shs
Market Capitalization: $8.26 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

About Schmitt Industries (NASDAQ:SMIT) Stock

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.

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SMIT Stock News Headlines

October 4, 2022 | benzinga.com

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Schmitt Industries, Inc. With Losses of $100,000 to Contact the Firm

September 30, 2022 | benzinga.com

Kirby McInerney LLP Continues Investigation of Shareholder Claims Against Schmitt Industries, Inc. (SMIT)

September 22, 2022 | benzinga.com

INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Schmitt Industries, Inc. with Losses of $100,000 to Contact the Firm

September 22, 2022 | benzinga.com

SMIT EQUITY ALERT: Rosen Law Firm Encourages Schmitt Industries, Inc. Investors to Inquire About Class Action Investigation – SMIT

September 20, 2022 | finance.yahoo.com

SCHMITT INDUSTRIES DISCLOSES NOTICE FROM NASDAQ, RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS AS OF AND FOR EACH OF THE FIRST THREE QUARTERLY PERIODS OF FISCAL 2022 AND THE TERMINATION OF TERM SHEET

July 25, 2022 | finance.yahoo.com

SCHMITT INDUSTRIES COMMENTS ON POTENTIAL TRANSACTION WITH PROTON GREEN

July 21, 2022 | finance.yahoo.com

VVC Portfolio Company, Proton Green, Plans for "Reverse Merger" with Nasdaq Listed Company

July 20, 2022 | finance.yahoo.com

A small Portland public company plans bold new direction, with new name

July 18, 2022 | finance.yahoo.com

SCHMITT INDUSTRIES CLOSES SALE AGREEMENT FOR NICOLAI STREET PROPERTY

June 16, 2022 | finance.yahoo.com

SCHMITT INDUSTRIES PROVIDES AMPLE HILLS AND CORPORATE UPDATES

June 7, 2022 | finance.yahoo.com

SCHMITT INDUSTRIES ENTERS INTO SALE AGREEMENT FOR NICOLAI STREET PROPERTY

May 18, 2022 | finance.yahoo.com

SCHMITT INDUSTRIES ANNOUNCES IT HAS ENTERED INTO LOI FOR XACT ASSETS

April 14, 2022 | seekingalpha.com

Schmitt Industries GAAP EPS of -$0.24, revenue of $1.85M

April 14, 2022 | finance.yahoo.com

SCHMITT ANNOUNCES FY22 Q3 RESULTS AND STRATEGIC INTENTION TO FOCUS ON AMPLE HILLS CREAMERY

January 18, 2022 | msn.com

5 Stocks To Watch For January 18, 2022

January 18, 2022 | finance.yahoo.com

ACUITY ANNOUNCES NEW 8-INCH TOUCH PANEL DISPLAY

January 14, 2022 | benzinga.com

Schmitt Announces Reports Q2 2022 Revenue $2.961M

January 14, 2022 | seekingalpha.com

Schmitt Industries GAAP EPS of $0.57, revenue of $2.96M

January 5, 2022 | finance.yahoo.com

Schmitt Industries, Inc. (SMIT)

December 16, 2021 | finance.yahoo.com

SCHMITT INDUSTRIES ANNOUNCES NEW XRC Cellular Tank Monitor

November 23, 2021 | finance.yahoo.com

Schmitt Industries Annual Meeting and Update to be Held December 10, 2021

November 19, 2021 | benzinga.com

Activist Investing LLC Announces 9.9% Ownership Interest in Schmitt Industries, Inc.

November 11, 2021 | finance.yahoo.com

Schmitt Industries Completes Sale of 28th Street Property

October 27, 2021 | finance.yahoo.com

Schmitt Industries Announces New AR2700 Long-Range Sensor

October 22, 2021 | finance.yahoo.com

Schmitt Industries Appoints Alex Zyngier to its Board

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SMIT Company Calendar

Last Earnings: 1/10/2019
Today: 10/07/2022
Next Earnings (Estimated): 10/19/2022
Fiscal Year End: 5/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Process control instruments
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: NASDAQ:SMIT
CUSIP: N/A
CIK: 922612
Web: www.schmittindustries.com
Phone: (503) 227-7908
Fax: 503-223-1258
Employees: 138
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($0.87)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-8,090,000.00
Net Margins: -28.53%
Pretax Margin: -28.39%
Return on Equity: -209.36%
Return on Assets: -38.57%

Debt

Debt-to-Equity Ratio: 3.00
Current Ratio: 1.34
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: $7.86 million
Price / Sales: 1.05
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.00 per share
Price / Book: 2.16

Miscellaneous

Outstanding Shares: 3,826,000
Free Float: 3,172,000
Market Cap: $8.26 million
Optionable: Not Optionable
Beta: 1.20

Key Executives

Mr. Michael R. Zapata (Age 43)
Pres, CEO & Exec. Chairman
Comp: $240.67k

Mr. Philip Bosco CPA (Age 53)
Chief Financial Officer
Comp: $243.75k

Ms. Donna Witkowski
Pres of SBS

Key Competitors

View All Competitors

SMIT Stock - Frequently Asked Questions

How have SMIT shares performed in 2022?: Schmitt Industries' stock was trading at $5.49 on January 1st, 2022. Since then, SMIT stock has decreased by 60.7% and is now trading at $2.16.
View the best growth stocks for 2022 here.
When is Schmitt Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our SMIT earnings forecast.
How were Schmitt Industries' earnings last quarter?: Schmitt Industries, Inc. (NASDAQ:SMIT) announced its earnings results on Thursday, January, 10th. The scientific and technical instruments company reported ($0.06) earnings per share (EPS) for the quarter. The scientific and technical instruments company earned $3.50 million during the quarter. Schmitt Industries had a negative trailing twelve-month return on equity of 209.36% and a negative net margin of 28.53%.
What other stocks do shareholders of Schmitt Industries own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Schmitt Industries investors own include Soleno Therapeutics (SLNO), Sorrento Therapeutics (SRNE), Templeton Emerging Markets Income Fund (TEI), VBI Vaccines (VBIV), AbbVie (ABBV), Canadian Natural Resources (CNQ), Corbus Pharmaceuticals (CRBP), Evofem Biosciences (EVFM), EyePoint Pharmaceuticals (EYPT) and Gilead Sciences (GILD).

What is Schmitt Industries' stock symbol?: Schmitt Industries trades on the NASDAQ under the ticker symbol "SMIT."
How do I buy shares of Schmitt Industries?: Shares of SMIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Schmitt Industries' stock price today?: One share of SMIT stock can currently be purchased for approximately $2.16.
How much money does Schmitt Industries make?: Schmitt Industries (NASDAQ:SMIT) has a market capitalization of $8.26 million and generates $7.86 million in revenue each year. The scientific and technical instruments company earns $-8,090,000.00 in net income (profit) each year or ($0.87) on an earnings per share basis.
How many employees does Schmitt Industries have?: The company employs 138 workers across the globe.
How can I contact Schmitt Industries?: Schmitt Industries' mailing address is 2765 NW NICOLAI ST, PORTLAND OR, 97210. The official website for the company is www.schmittindustries.com. The scientific and technical instruments company can be reached via phone at (503) 227-7908 or via fax at 503-223-1258.

This page (NASDAQ:SMIT) was last updated on 10/7/2022 by MarketBeat.com Staff

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