SMTC Co. (NASDAQ:SMTX) COO Richard E. Fitzgerald Buys 43,907 Shares

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.

A number of research firms have issued reports on SMTX. Craig Hallum decreased their target price on SMTC from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. ValuEngine raised SMTC from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. Finally, Zacks Investment Research raised SMTC from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $6.00.

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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