Shimmick (NASDAQ:SHIM) Issues Earnings Results, Misses Expectations By $0.62 EPS

Shimmick (NASDAQ:SHIM) posted its quarterly earnings data on Thursday. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.62), RTT News reports. The company had revenue of $103.55 million for the quarter, compared to analysts’ expectations of $118.90 million. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. During the same quarter last year, the business posted ($0.59) EPS.

Shimmick Stock Performance

SHIM stock traded down $0.08 during trading on Friday, reaching $1.63. The stock had a trading volume of 34,237 shares, compared to its average volume of 411,927. Shimmick has a 52 week low of $1.47 and a 52 week high of $7.99. The firm has a market cap of $54.92 million, a PE ratio of -0.41 and a beta of 0.59. The stock’s 50 day moving average is $2.30 and its two-hundred day moving average is $2.44. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60.

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.