Schmitt Industries (NASDAQ:SMIT) Downgraded by ValuEngine to “Sell”

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ValuEngine downgraded shares of Schmitt Industries (NASDAQ:SMIT) from a hold rating to a sell rating in a research report sent to investors on Thursday, ValuEngine reports.

NASDAQ SMIT opened at $3.55 on Thursday. The firm’s fifty day simple moving average is $3.38 and its two-hundred day simple moving average is $2.50. The firm has a market capitalization of $14.69 million, a P/E ratio of 51.14 and a beta of 0.70. The company has a current ratio of 7.09, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01. Schmitt Industries has a 12-month low of $1.87 and a 12-month high of $4.15.

Schmitt Industries (NASDAQ:SMIT) last issued its quarterly earnings data on Tuesday, October 8th. The scientific and technical instruments company reported $0.04 EPS for the quarter. The firm had revenue of $3.34 million during the quarter. Schmitt Industries had a positive return on equity of 3.20% and a negative net margin of 5.29%.

Schmitt Industries Company Profile

Schmitt Industries, Inc, together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company's Balancer segment offers computer-controlled vibration detection, balancing, and process control systems. Its products comprise Schmitt Dynamic Balance System, which consists of a vibration sensor, a computer control unit, and a balance head; SB-5500, an optional acoustic emission monitoring system (AEMS) control card to monitor the AE signals generated on the grinding machine; process control cards to provide enhanced control of the grinding process; SB-2000, a compact manual balancing system; and AE-1000, an AE control platform, which reduces air machine grinding time.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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