Shimmick Corporation (NASDAQ:SHIM) Director Sells $14,140.00 in Stock

Shimmick Corporation (NASDAQ:SHIM) Director Mitchell B. Goldsteen sold 7,000 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $2.02, for a total value of $14,140.00. Following the sale, the director owned 21,324,580 shares of the company’s stock, valued at approximately $43,075,651.60. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shimmick Stock Performance

Shares of SHIM stock opened at $2.27 on Friday. Shimmick Corporation has a one year low of $1.30 and a one year high of $4.94. The company’s 50-day simple moving average is $1.73 and its 200-day simple moving average is $1.91. The stock has a market capitalization of $80.06 million, a price-to-earnings ratio of -0.69 and a beta of 0.80.

Shimmick (NASDAQ:SHIM) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.09. Shimmick had a negative return on equity of 9,647.06% and a negative net margin of 20.98%. The business had revenue of $122.00 million during the quarter, compared to the consensus estimate of $94.35 million. During the same period in the previous year, the firm posted ($1.15) earnings per share. As a group, research analysts forecast that Shimmick Corporation will post -2.48 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. boosted its holdings in Shimmick by 21.6% during the first quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company’s stock worth $81,000 after buying an additional 8,000 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Shimmick during the 4th quarter valued at $284,000. Pacific Ridge Capital Partners LLC boosted its stake in shares of Shimmick by 41.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company’s stock valued at $1,259,000 after buying an additional 141,861 shares during the period. Finally, Sanders Morris Harris LLC boosted its stake in shares of Shimmick by 4.2% during the 1st quarter. Sanders Morris Harris LLC now owns 742,941 shares of the company’s stock valued at $1,337,000 after buying an additional 30,276 shares during the period. Institutional investors and hedge funds own 6.94% of the company’s stock.

Shimmick Company Profile

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.