Shimmick Co. (NASDAQ:SHIM – Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 52,300 shares, a decrease of 27.7% from the February 13th total of 72,300 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 72,000 shares, the days-to-cover ratio is currently 0.7 days.
Shimmick Stock Down 1.8 %
Shimmick stock traded down $0.03 during mid-day trading on Friday, reaching $1.67. The company’s stock had a trading volume of 54,963 shares, compared to its average volume of 414,337. The business’s 50 day simple moving average is $2.27 and its 200 day simple moving average is $2.43. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.80 and a current ratio of 0.80. Shimmick has a 12 month low of $1.47 and a 12 month high of $7.05. The company has a market capitalization of $56.44 million, a price-to-earnings ratio of -0.43 and a beta of 0.59.
Shimmick (NASDAQ:SHIM – Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.62). Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. The company had revenue of $103.55 million during the quarter, compared to analyst estimates of $118.90 million. During the same period in the prior year, the firm posted ($0.59) EPS. As a group, research analysts anticipate that Shimmick will post -2.48 earnings per share for the current year.
Institutional Inflows and Outflows
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.
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