Schmitt Industries (NASDAQ:SMIT) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Schmitt Industries (NASDAQ:SMIT) from a hold rating to a sell rating in a research note published on Thursday, ValuEngine reports.

Shares of SMIT traded down $0.03 during trading on Thursday, reaching $3.55. The company’s stock had a trading volume of 35,905 shares, compared to its average volume of 17,154. The company has a fifty day moving average of $3.38 and a two-hundred day moving average of $2.50. Schmitt Industries has a twelve month low of $1.87 and a twelve month high of $4.15. The company has a market cap of $15.00 million, a price-to-earnings ratio of 52.25 and a beta of 0.70. The company has a quick ratio of 3.06, a current ratio of 7.09 and a debt-to-equity ratio of 0.01.

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

Schmitt Industries Company Profile

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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