SCHMID Group (NASDAQ:SHMD) Announces Quarterly Earnings Results
by Jessica Moore · The Cerbat GemSCHMID Group (NASDAQ:SHMD – Get Free Report) issued its earnings results on Friday. The company reported $999.00 EPS for the quarter, Zacks reports.
SCHMID Group Trading Up 3.5%
Shares of SCHMID Group stock traded up $0.23 during mid-day trading on Friday, reaching $6.87. 1,248,909 shares of the stock were exchanged, compared to its average volume of 1,150,989. The firm has a 50-day simple moving average of $6.12 and a 200 day simple moving average of $6.33. SCHMID Group has a fifty-two week low of $2.00 and a fifty-two week high of $10.65.
Institutional Investors Weigh In On SCHMID Group
A number of hedge funds have recently made changes to their positions in the company. Sculptor Capital LP acquired a new stake in shares of SCHMID Group during the 2nd quarter worth about $587,000. Geode Capital Management LLC acquired a new stake in shares of SCHMID Group during the 4th quarter worth about $156,000. XTX Topco Ltd acquired a new stake in shares of SCHMID Group in the fourth quarter valued at $137,000. HRT Financial LP bought a new position in shares of SCHMID Group in the fourth quarter valued at about $130,000. Finally, Jane Street Group LLC bought a new position in shares of SCHMID Group in the fourth quarter valued at about $106,000. Institutional investors and hedge funds own 46.03% of the company’s stock.
Wall Street Analysts Forecast Growth
SHMD has been the subject of several research reports. Wall Street Zen cut SCHMID Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SCHMID Group in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SCHMID Group has a consensus rating of “Sell”.
View Our Latest Stock Analysis on SHMD
About SCHMID Group
Schmid Group AG is a global engineering and manufacturing company specializing in flexible packaging and barrier coating technologies for a range of industries. The company’s core offerings include turnkey coating, metallization and extrusion lamination lines designed to enhance the functional performance of films and substrates used in food, pharmaceutical and medical packaging applications. Schmid Group’s expertise also encompasses process engineering, product development and on-site support services, enabling clients to optimize production efficiency and sustainability in high-volume manufacturing environments.
In addition to its barrier technologies, Schmid Group provides modular solutions for thin-film coating, printing, slitting and winding, as well as machinery for flat glass finishing such as washing, sanding and patterning.