Shares of Schmitt Industries stock opened at $3.64 on Wednesday. Schmitt Industries has a 52-week low of $1.87 and a 52-week high of $4.15. The company’s 50-day simple moving average is $3.68 and its 200-day simple moving average is $2.83. The firm has a market cap of $14.47 million, a price-to-earnings ratio of 3.68 and a beta of 0.71.
In other Schmitt Industries news, major shareholder Walter Brown Pistor sold 509,331 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.25, for a total value of $1,655,325.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 14.20% of the stock is owned by corporate insiders.
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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