Shimmick Co. (NASDAQ:SHIM) Director Sells $11,180.00 in Stock

Shimmick Co. (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 6,500 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $1.72, for a total value of $11,180.00. Following the completion of the sale, the director now directly owns 21,558,650 shares in the company, valued at approximately $37,080,878. This represents a 0.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shimmick Price Performance

NASDAQ:SHIM traded down $0.04 during trading hours on Tuesday, hitting $1.80. The company's stock had a trading volume of 5,948 shares, compared to its average volume of 412,493. Shimmick Co. has a twelve month low of $1.47 and a twelve month high of $7.05. 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 stock has a fifty day simple moving average of $2.18 and a 200-day simple moving average of $2.38. The company has a market capitalization of $60.83 million, a P/E ratio of -0.46 and a beta of 0.59.

Shimmick (NASDAQ:SHIM - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.62). The company had revenue of $103.55 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted ($0.59) earnings per share. On average, analysts anticipate that Shimmick Co. will post -2.48 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State Street Corp acquired a new stake in shares of Shimmick during the 3rd quarter valued at $36,000. Avanza Fonder AB bought a new position in Shimmick in the fourth quarter valued at about $52,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Shimmick during the fourth quarter valued at about $96,000. LPL Financial LLC bought a new stake in shares of Shimmick during the fourth quarter worth about $284,000. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of Shimmick by 41.2% in the fourth 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 during the period. 6.94% of the stock is currently owned by institutional investors and hedge funds.

Shimmick Company Profile

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.