NASDAQ SMIT opened at $3.30 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.09 and a quick ratio of 3.06. The stock has a market capitalization of $13.48 million, a PE ratio of 47.14 and a beta of 0.55. Schmitt Industries has a 1 year low of $1.87 and a 1 year high of $3.35. The business’s 50-day moving average is $2.33 and its 200 day moving average is $2.24.
Schmitt Industries (NASDAQ:SMIT) last posted its earnings results on Wednesday, July 31st. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $3.78 million for the quarter. Schmitt Industries had a positive return on equity of 3.20% and a negative net margin of 5.29%.
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.
Further Reading: Why investors pay attention to retained earnings
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