Shares of Shimmick Co. (NASDAQ:SHIM - Get Free Report) were down 5.1% during trading on Thursday . The company traded as low as $1.45 and last traded at $1.50. Approximately 3,595 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 409,130 shares. The stock had previously closed at $1.58.
Shimmick Price Performance
The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60. The stock has a market capitalization of $51.54 million, a P/E ratio of -0.38 and a beta of 0.84. The company has a fifty day simple moving average of $1.78 and a two-hundred day simple moving average of $2.22.
Shimmick (NASDAQ:SHIM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $103.55 million during the quarter, compared to analyst estimates of $118.90 million. During the same quarter in the prior year, the company earned ($0.59) earnings per share. Sell-side analysts expect that Shimmick Co. will post -2.48 EPS for the current fiscal year.
Institutional Investors Weigh In On Shimmick
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHIM. State Street Corp acquired a new position in shares of Shimmick during the 3rd quarter worth about $36,000. Avanza Fonder AB bought a new position in Shimmick during the 4th quarter worth approximately $52,000. Thompson Davis & CO. Inc. acquired a new position in Shimmick during the fourth quarter valued at approximately $96,000. LPL Financial LLC bought a new stake in Shimmick in the fourth quarter valued at approximately $284,000. Finally, Pacific Ridge Capital Partners LLC raised its holdings in Shimmick by 41.2% in the fourth 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. Institutional investors own 6.94% of the company's stock.
About Shimmick
(
Get Free Report)
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.
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