ValuEngine upgraded shares of Schmitt Industries (NASDAQ:SMIT) from a hold rating to a buy rating in a report issued on Thursday morning.
Shares of Schmitt Industries (SMIT) traded down $0.20 during midday trading on Thursday, hitting $2.25. The stock had a trading volume of 169,700 shares, compared to its average volume of 42,215. Schmitt Industries has a 1-year low of $1.48 and a 1-year high of $2.69.
Schmitt Industries (NASDAQ:SMIT) last issued its quarterly earnings results on Friday, October 6th. The scientific and technical instruments company reported ($0.04) earnings per share for the quarter. Schmitt Industries had a negative net margin of 8.59% and a negative return on equity of 15.15%. The firm had revenue of $3.08 million during the quarter.
About Schmitt Industries
Schmitt Industries, Inc designs, manufactures and sells test and measurement products for two main business segments: the Balancer segment and the Measurement segment. The Company operates through two segments: the design and assembly of dynamic balancing systems and components for the machine tool industry (Balancer), and the design and assembly of laser-based test and measurement systems (Measurement).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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