Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen Sells 6,500 Shares

Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen sold 6,500 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $1.72, for a total transaction of $11,180.00. Following the transaction, the director now owns 21,558,650 shares in the company, valued at approximately $37,080,878. The trade was a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shimmick Trading Up 5.4 %

Shares of NASDAQ SHIM opened at $1.76 on Friday. Shimmick Co. has a fifty-two week low of $1.47 and a fifty-two week high of $7.05. The firm has a market capitalization of $59.48 million, a P/E ratio of -0.45 and a beta of 0.59. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50 day simple moving average is $2.19 and its 200 day simple moving average is $2.38.

Shimmick (NASDAQ:SHIM) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.62). The company had revenue of $103.55 million during the quarter, compared to the consensus estimate of $118.90 million. Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. During the same quarter in the prior year, the business earned ($0.59) earnings per share. On average, analysts predict that Shimmick Co. will post -2.48 EPS for the current year.

Institutional Trading of Shimmick

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp bought a new position in Shimmick during the 3rd quarter worth approximately $36,000. Avanza Fonder AB acquired a new stake in Shimmick in the fourth quarter worth $52,000. Thompson Davis & CO. Inc. bought a new position in shares of Shimmick during the fourth quarter worth $96,000. LPL Financial LLC acquired a new position in shares of Shimmick in the 4th quarter valued at $284,000. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of Shimmick by 41.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company’s stock valued at $1,259,000 after buying an additional 141,861 shares in the last quarter. 6.94% of the stock is owned by institutional investors.

About Shimmick

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.