SMTC (NASDAQ:SMTX) posted its quarterly earnings data on Thursday. The technology company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02), Morningstar.com reports. SMTC had a negative return on equity of 0.56% and a negative net margin of 0.07%. The business had revenue of $80.86 million during the quarter, compared to analysts’ expectations of $73.70 million.
Shares of NASDAQ SMTX traded down $0.28 during trading on Friday, reaching $5.19. 1,000 shares of the stock traded hands, compared to its average volume of 245,937. SMTC has a 52-week low of $2.08 and a 52-week high of $5.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.39 and a quick ratio of 0.98. The stock has a market capitalization of $112.70 million, a PE ratio of -11.55 and a beta of 0.47.
Several research analysts have weighed in on the company. ValuEngine raised SMTC from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Craig Hallum assumed coverage on SMTC in a research report on Monday, January 14th. They issued a “buy” rating and a $9.00 price objective on the stock. Zacks Investment Research cut SMTC from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Finally, B. Riley assumed coverage on SMTC in a research report on Tuesday, December 11th. They issued a “buy” rating and a $6.00 price objective on the stock. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. SMTC currently has an average rating of “Buy” and an average target price of $7.50.
SMTC Company Profile
SMTC Corporation provides electronics manufacturing services worldwide. The company offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services.
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