Analysts Set $7.50 Price Target for SMTC Co. (NASDAQ:SMTX)

SMTC Co. (NASDAQ:SMTX) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price objective of $7.50 for the company and are anticipating that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given SMTC an industry rank of 188 out of 256 based on the ratings given to related companies.

A number of equities research analysts recently commented on SMTX shares. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, TheStreet lowered shares of TRI Pointe Group from a “b-” rating to a “c+” rating in a report on Monday, July 15th.

A number of large investors have recently bought and sold shares of SMTX. Ridgewood Investments LLC bought a new position in SMTC in the 1st quarter worth $55,000. Sigma Planning Corp bought a new position in SMTC in the 1st quarter worth $91,000. Finally, Dimensional Fund Advisors LP raised its holdings in SMTC by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 143,531 shares of the technology company’s stock worth $586,000 after purchasing an additional 3,979 shares in the last quarter. Institutional investors own 12.97% of the company’s stock.

Shares of SMTC stock traded down $0.14 during trading on Friday, reaching $3.83. The company’s stock had a trading volume of 120,518 shares, compared to its average volume of 46,151. The firm has a 50-day simple moving average of $3.61. SMTC has a 52-week low of $2.30 and a 52-week high of $5.98. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 1.95. The company has a market cap of $107.28 million, a P/E ratio of 63.83 and a beta of 0.63.

SMTC (NASDAQ:SMTX) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). SMTC had a net margin of 0.27% and a return on equity of 1.73%. The firm had revenue of $102.65 million for the quarter, compared to the consensus estimate of $98.04 million. As a group, analysts predict that SMTC will post 0.07 EPS for the current fiscal year.

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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