SMTC (NASDAQ:SMTX) Issues Quarterly Earnings Results

SMTC (NASDAQ:SMTX) issued its quarterly earnings results on Thursday. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06, Fidelity Earnings reports. SMTC had a net margin of 0.27% and a return on equity of 1.73%. The firm had revenue of $90.94 million for the quarter, compared to analyst estimates of $98.75 million.

Shares of SMTC stock traded down $0.50 during trading on Friday, hitting $3.47. 145,268 shares of the stock were exchanged, compared to its average volume of 34,459. The firm has a market cap of $105.60 million, a PE ratio of 57.83 and a beta of 0.64. The stock has a fifty day moving average of $3.81. SMTC has a 1-year low of $2.41 and a 1-year high of $5.98. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.27 and a quick ratio of 0.87.

SMTX has been the topic of several recent research reports. ValuEngine lowered shares of SMTC from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet upgraded shares of SMTC from a “d+” rating to a “c-” rating in a research note on Monday, July 15th. Finally, Zacks Investment Research upgraded shares of SMTC from a “sell” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. SMTC presently has an average rating of “Buy” and an average target price of $7.50.

About SMTC

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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Earnings History for SMTC (NASDAQ:SMTX)

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