Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen Sells 6,500 Shares

Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen sold 6,500 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $1.72, for a total value of $11,180.00. Following the completion of the transaction, the director now directly owns 21,558,650 shares of the company’s stock, valued at approximately $37,080,878. The trade was a 0.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shimmick Stock Performance

Shares of SHIM opened at $1.76 on Friday. The firm has a market capitalization of $59.48 million, a PE ratio of -0.45 and a beta of 0.59. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60. The firm has a 50-day moving average price of $2.19 and a 200 day moving average price of $2.39. Shimmick Co. has a 52-week low of $1.47 and a 52-week high of $7.05.

Shimmick (NASDAQ:SHIM) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.62). Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. The business 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 earned ($0.59) EPS. On average, sell-side analysts anticipate that Shimmick Co. will post -2.48 earnings per share for the current fiscal year.

Institutional Trading of Shimmick

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp purchased a new stake in Shimmick in the 3rd quarter worth about $36,000. Sanders Morris Harris LLC increased its holdings in shares of Shimmick by 20.7% in the 4th quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company’s stock valued at $1,846,000 after purchasing an additional 122,442 shares during the period. Avanza Fonder AB purchased a new stake in shares of Shimmick in the fourth quarter worth approximately $52,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Shimmick during the fourth quarter worth approximately $96,000. Finally, LPL Financial LLC purchased a new position in Shimmick during the fourth quarter valued at approximately $284,000. Institutional investors and hedge funds 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.