SMTC (NASDAQ:SMTX) announced its quarterly earnings results on Thursday. The technology company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.02), Morningstar.com reports. SMTC had a negative net margin of 0.07% and a negative return on equity of 0.56%. The firm had revenue of $80.86 million for the quarter, compared to analyst estimates of $73.70 million.
Shares of SMTC stock traded down $0.28 during midday trading on Friday, reaching $5.19. The company had a trading volume of 1,000 shares, compared to its average volume of 245,937. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.39 and a quick ratio of 0.98. The firm has a market cap of $112.70 million, a P/E ratio of -11.55 and a beta of 0.47. SMTC has a fifty-two week low of $2.08 and a fifty-two week high of $5.98.
Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of SMTC by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 143,531 shares of the technology company’s stock worth $586,000 after acquiring an additional 3,979 shares during the period. BlackRock Inc. lifted its stake in shares of SMTC by 38.5% in the third quarter. BlackRock Inc. now owns 57,049 shares of the technology company’s stock worth $165,000 after acquiring an additional 15,871 shares during the period. Bridgeway Capital Management Inc. lifted its stake in shares of SMTC by 33.3% in the third quarter. Bridgeway Capital Management Inc. now owns 140,000 shares of the technology company’s stock worth $405,000 after acquiring an additional 35,000 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of SMTC by 10.1% in the third quarter. Renaissance Technologies LLC now owns 409,210 shares of the technology company’s stock worth $1,183,000 after acquiring an additional 37,545 shares during the period. 14.68% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on the company. ValuEngine raised SMTC from a “hold” rating to a “buy” rating in a research note on Thursday. B. Riley started coverage on SMTC in a research note on Tuesday, December 11th. They set a “buy” rating and a $6.00 price target on the stock. Zacks Investment Research lowered SMTC from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Finally, Craig Hallum started coverage on SMTC in a research note on Monday, January 14th. They issued a “buy” rating and a $9.00 price objective on the stock. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $7.50.
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SMTC Company Profile
SMTC Corporation provides electronics manufacturing services worldwide. The company offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services.
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