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

Shimmick Co. (NASDAQ:SHIM - Get Free Report) Director Mitchell B. Goldsteen sold 7,900 shares of the 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 sale, the director now directly owns 21,568,650 shares in the company, valued at $34,941,213. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shimmick Stock Performance

Shimmick stock traded up $0.02 during midday trading on Tuesday, reaching $1.72. 6,557 shares of the company traded hands, compared to its average volume of 411,070. Shimmick Co. has a 12 month low of $1.47 and a 12 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 business has a 50 day moving average of $2.25 and a two-hundred day moving average of $2.42. The firm has a market capitalization of $58.13 million, a price-to-earnings ratio of -0.44 and a beta of 0.59.

Shimmick (NASDAQ:SHIM - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.62). Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. The firm had revenue of $103.55 million for the quarter, compared to the consensus estimate of $118.90 million. During the same period in the previous year, the company earned ($0.59) earnings per share. As a group, research analysts predict that Shimmick Co. will post -2.48 earnings per share for the current year.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC lifted its stake 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 worth $1,259,000 after purchasing an additional 141,861 shares during the period. LPL Financial LLC purchased a new stake in Shimmick during the fourth quarter valued at approximately $284,000. Thompson Davis & CO. Inc. bought a new position in Shimmick in the fourth quarter worth approximately $96,000. Avanza Fonder AB purchased a new position in shares of Shimmick during the 4th quarter worth $52,000. Finally, Sanders Morris Harris LLC grew its position in shares of Shimmick by 20.7% during the 4th quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company's stock valued at $1,846,000 after acquiring an additional 122,442 shares during the period. 6.94% of the stock is 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.