Shimmick Co. (NASDAQ:SHIM) Director Sells $12,798.00 in Stock

Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen sold 7,900 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $1.62, for a total value of $12,798.00. Following the completion of the sale, the director now owns 21,568,650 shares in the company, valued at approximately $34,941,213. The trade was a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shimmick Trading Down 1.8 %

Shares of SHIM opened at $1.67 on Friday. The firm has a market cap of $56.44 million, a P/E ratio of -0.43 and a beta of 0.59. Shimmick Co. has a fifty-two week low of $1.47 and a fifty-two week high of $7.05. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.80 and a current ratio of 0.80. The business has a 50-day moving average of $2.27 and a 200 day moving average of $2.43.

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 business had revenue of $103.55 million during the quarter, compared to the consensus estimate of $118.90 million. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. During the same period last year, the firm earned ($0.59) EPS. As a group, research analysts forecast that Shimmick Co. will post -2.48 EPS for the current year.

Hedge Funds Weigh In On Shimmick

Several hedge funds have recently made changes to their positions in the stock. Sanders Morris Harris LLC lifted its holdings in Shimmick by 20.7% during the 4th quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company’s stock worth $1,846,000 after purchasing an additional 122,442 shares in the last quarter. State Street Corp bought a new position in shares of Shimmick in the third quarter valued at approximately $36,000. Avanza Fonder AB bought a new position in shares of Shimmick in the fourth quarter valued at approximately $52,000. Thompson Davis & CO. Inc. purchased a new position in Shimmick during the fourth quarter valued at approximately $96,000. Finally, LPL Financial LLC bought a new stake in Shimmick during the 4th quarter worth approximately $284,000. 6.94% of the stock is currently owned by hedge funds and other 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.