Schmitt Industries (NASDAQ:SMIT) Cut to “Sell” at ValuEngine

Schmitt Industries (NASDAQ:SMIT) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

Shares of SMIT opened at $3.47 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.06 and a current ratio of 7.09. Schmitt Industries has a twelve month low of $1.87 and a twelve month high of $3.59. The firm’s 50 day moving average price is $2.91 and its two-hundred day moving average price is $2.35. The firm has a market cap of $13.66 million, a P/E ratio of 47.56 and a beta of 0.66.

Schmitt Industries (NASDAQ:SMIT) last posted its quarterly earnings data on Tuesday, October 8th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter. Schmitt Industries had a negative net margin of 5.29% and a positive return on equity of 3.20%. The company had revenue of $3.34 million for the quarter.

About Schmitt Industries

Schmitt Industries, Inc, together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company's Balancer segment offers computer-controlled vibration detection, balancing, and process control systems. Its products comprise Schmitt Dynamic Balance System, which consists of a vibration sensor, a computer control unit, and a balance head; SB-5500, an optional acoustic emission monitoring system (AEMS) control card to monitor the AE signals generated on the grinding machine; process control cards to provide enhanced control of the grinding process; SB-2000, a compact manual balancing system; and AE-1000, an AE control platform, which reduces air machine grinding time.

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