Mitchell B. Goldsteen Sells 8,090 Shares of Shimmick Co. (NASDAQ:SHIM) Stock

Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen sold 8,090 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $1.70, for a total value of $13,753.00. Following the sale, the director now owns 21,407,966 shares of the company’s stock, valued at approximately $36,393,542.20. This represents a 0.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shimmick Trading Down 2.9%

Shares of NASDAQ:SHIM opened at $1.67 on Friday. The company has a market capitalization of $57.48 million, a PE ratio of -0.43 and a beta of 0.75. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60. Shimmick Co. has a 12-month low of $1.30 and a 12-month high of $4.94. The business’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $2.06.

Shimmick (NASDAQ:SHIM) last posted its earnings results on Wednesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.09. The company had revenue of $122.00 million for the quarter, compared to analyst estimates of $94.35 million. Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. During the same quarter in the previous year, the firm earned ($1.15) earnings per share. As a group, equities research analysts predict that Shimmick Co. will post -2.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SHIM. Pacific Ridge Capital Partners LLC lifted its position in Shimmick by 41.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company’s stock valued at $1,259,000 after acquiring an additional 141,861 shares during the last quarter. LPL Financial LLC purchased a new position in Shimmick in the fourth quarter worth $284,000. Sanders Morris Harris LLC increased its position in shares of Shimmick by 4.2% during the first quarter. Sanders Morris Harris LLC now owns 742,941 shares of the company’s stock worth $1,337,000 after purchasing an additional 30,276 shares in the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new stake in shares of Shimmick during the 4th quarter valued at $96,000. Hedge funds and other institutional investors own 6.94% of the company’s stock.

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.