SMTC (NASDAQ:SMTX) issued its quarterly earnings data on Monday. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.09), Fidelity Earnings reports. SMTC had a negative net margin of 0.49% and a positive return on equity of 4.82%. The business had revenue of $88.68 million during the quarter, compared to analyst estimates of $77.00 million.
NASDAQ SMTX traded up $0.20 during trading on Tuesday, hitting $2.60. The stock had a trading volume of 226,700 shares, compared to its average volume of 116,596. The company has a market capitalization of $65.85 million, a PE ratio of 43.33 and a beta of 0.67. The company’s 50-day moving average price is $2.24 and its two-hundred day moving average price is $3.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.47. SMTC has a 12 month low of $2.02 and a 12 month high of $5.98.
In other news, CEO Edward J. Smith bought 20,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $3.37 per share, for a total transaction of $67,400.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 34.50% of the company’s stock.
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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