Schmitt Industries (SMIT) Receiving Somewhat Favorable Media Coverage, Study Shows

News headlines about Schmitt Industries (NASDAQ:SMIT) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Schmitt Industries earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the scientific and technical instruments company an impact score of 45.5010977895356 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Schmitt Industries (SMIT) traded up $0.01 during trading hours on Monday, reaching $2.69. The company had a trading volume of 26,400 shares, compared to its average volume of 113,412. Schmitt Industries has a 1 year low of $1.48 and a 1 year high of $4.47. The company has a market cap of $10.74, a P/E ratio of -14.16 and a beta of 0.46.

Schmitt Industries (NASDAQ:SMIT) last announced its earnings results on Wednesday, December 13th. The scientific and technical instruments company reported $0.03 earnings per share for the quarter. Schmitt Industries had a negative return on equity of 8.49% and a negative net margin of 4.35%. The firm had revenue of $3.77 million during the quarter.

Several analysts recently weighed in on the company. TheStreet upgraded Schmitt Industries from a “d+” rating to a “c-” rating in a research note on Monday, December 11th. ValuEngine upgraded Schmitt Industries from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th.

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Schmitt Industries Company Profile

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).

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