SCHMID Group (NASDAQ:SHMD) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of SCHMID Group (NASDAQ:SHMD) from a hold rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

SCHMID Group Trading Down 0.9%

SCHMID Group stock opened at $2.15 on Friday. The business’s 50-day simple moving average is $3.40 and its 200-day simple moving average is $5.50. SCHMID Group has a 52 week low of $2.09 and a 52 week high of $10.65.

SCHMID Group (NASDAQ:SHMD) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.48) EPS for the quarter. The business had revenue of $26.25 million during the quarter.

Insider Activity at SCHMID Group

In other news, Director Ralf Speth bought 33,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was bought at an average cost of $3.05 per share, with a total value of $100,650.00. Following the purchase, the director owned 269,311 shares of the company’s stock, valued at approximately $821,398.55. This represents a 13.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anette Schmid purchased 69,000 shares of the business’s stock in a transaction dated Sunday, August 30th. The shares were purchased at an average cost of $3.16 per share, for a total transaction of $218,040.00. Following the purchase, the director directly owned 13,749,589 shares of the company’s stock, valued at $43,448,701.24. This trade represents a 0.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 137,000 shares of company stock valued at $432,440 over the last quarter. Corporate insiders own 15.11% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Joel Isaacson & Co. LLC bought a new stake in shares of SCHMID Group during the third quarter worth approximately $289,000. Integrated Wealth Concepts LLC acquired a new stake in SCHMID Group during the 2nd quarter worth $282,000. Engineers Gate Manager LP bought a new stake in shares of SCHMID Group during the 2nd quarter valued at $182,000. Corsair Capital Management L.P. bought a new stake in shares of SCHMID Group during the 1st quarter valued at $148,000. Finally, Citadel Advisors LLC acquired a new position in shares of SCHMID Group in the 2nd quarter valued at $111,000. Institutional investors own 46.03% of the company’s stock.

About SCHMID Group

SCHMID Group N.V. (NASDAQ: SHMD) is a technology company that develops and manufactures production equipment and process solutions for the electronics, semiconductor and renewable energy industries. Its systems are used in the fabrication and treatment of printed circuit boards, semiconductor components and photovoltaic products.

The company’s product portfolio includes equipment for wet-chemical processing, cleaning, etching, coating, plating and other surface-treatment processes. SCHMID also provides integrated production systems, engineering and related services designed to support customers’ manufacturing operations and improve process efficiency.

Founded in Germany in 1864, SCHMID Group serves industrial customers internationally, with operations and business relationships spanning Europe, Asia and other global markets.