SMTC (SMTX) Sets New 1-Year High at $3.20

Shares of SMTC Co. (NASDAQ:SMTX) reached a new 52-week high during trading on Wednesday . The company traded as high as $3.20 and last traded at $3.20, with a volume of 2877 shares. The stock had previously closed at $2.70.

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.26 and a quick ratio of 0.80.

SMTC (NASDAQ:SMTX) last released its quarterly earnings data on Tuesday, August 7th. The technology company reported ($0.01) EPS for the quarter. The firm had revenue of $44.48 million for the quarter. SMTC had a negative return on equity of 7.89% and a negative net margin of 1.00%.



Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of SMTC by 15.5% during the 2nd quarter. Renaissance Technologies LLC now owns 371,665 shares of the technology company’s stock worth $1,093,000 after buying an additional 49,966 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of SMTC by 33.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 207,326 shares of the technology company’s stock worth $599,000 after buying an additional 51,830 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of SMTC during the 2nd quarter worth $121,000. Institutional investors and hedge funds own 16.26% of the company’s stock.

About SMTC (NASDAQ:SMTX)

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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