Shimmick Co. (NASDAQ:SHIM) Director Sells $11,180.00 in Stock

by · The Cerbat Gem

Shimmick Co. (NASDAQ:SHIM – Get Free Report) Director Mitchell B. Goldsteen sold 6,500 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $1.72, for a total transaction of $11,180.00. Following the sale, the director now directly owns 21,558,650 shares in the company, valued at $37,080,878. This trade represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shimmick Stock Performance

NASDAQ:SHIM traded up $0.09 during mid-day trading on Friday, hitting $1.76. The stock had a trading volume of 28,303 shares, compared to its average volume of 410,898. The company’s 50 day simple moving average is $2.20 and its 200 day simple moving average is $2.40. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $59.48 million, a price-to-earnings ratio of -0.45 and a beta of 0.59. Shimmick Co. has a twelve month low of $1.47 and a twelve month high of $7.05.

Shimmick (NASDAQ:SHIM – Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.62). The company had revenue of $103.55 million for the quarter, compared to the consensus estimate of $118.90 million. Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. During the same period in the previous year, the firm posted ($0.59) EPS. On average, equities research analysts forecast that Shimmick Co. will post -2.48 earnings per share for the current year.

Institutional Investors Weigh In On Shimmick

Institutional investors have recently added to or reduced their stakes in the company. Sanders Morris Harris LLC lifted its stake in shares of Shimmick by 20.7% during the 4th quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company’s stock valued at $1,846,000 after buying an additional 122,442 shares in the last quarter. State Street Corp bought a new position in shares of Shimmick during the 3rd quarter valued at $36,000. Avanza Fonder AB bought a new position in shares of Shimmick during the 4th quarter valued at $52,000. Thompson Davis & CO. Inc. purchased a new stake in Shimmick during the 4th quarter valued at $96,000. Finally, LPL Financial LLC purchased a new stake in Shimmick during the 4th quarter valued at $284,000. 6.94% of the stock is owned by institutional investors.

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.

Featured Articles