SMTC Co. (NASDAQ:SMTX) COO Richard E. Fitzgerald bought 43,907 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $2.68 per share, with a total value of $117,670.76. Following the completion of the transaction, the chief operating officer now directly owns 89,524 shares of the company’s stock, valued at $239,924.32. The transaction was disclosed in a filing with the SEC, which is available through this link.
NASDAQ:SMTX opened at $2.72 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.01. The business has a fifty day simple moving average of $2.28 and a two-hundred day simple moving average of $3.15. SMTC Co. has a 1 year low of $2.02 and a 1 year high of $5.98. The company has a market capitalization of $75.30 million, a P/E ratio of 45.33 and a beta of 0.67.
SMTC (NASDAQ:SMTX) last announced its quarterly earnings results on Monday, November 11th. The technology company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.09). The company had revenue of $88.68 million during the quarter, compared to analysts’ expectations of $77.00 million. SMTC had a negative net margin of 2.26% and a positive return on equity of 7.03%. As a group, analysts anticipate that SMTC Co. will post 0.12 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ridgewood Investments LLC grew its position in shares of SMTC by 52.6% in the third quarter. Ridgewood Investments LLC now owns 30,988 shares of the technology company’s stock valued at $67,000 after purchasing an additional 10,681 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of SMTC in the second quarter valued at $86,000. River & Mercantile Asset Management LLP purchased a new position in shares of SMTC in the second quarter valued at $1,067,000. Finally, Wynnefield Capital Inc. grew its position in shares of SMTC by 12.2% in the second quarter. Wynnefield Capital Inc. now owns 1,972,360 shares of the technology company’s stock valued at $7,613,000 after purchasing an additional 214,386 shares in the last quarter. Institutional investors own 12.72% of the company’s stock.
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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