SMTC Co. (NASDAQ:SMTX) CFO Steven M. Waszak purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were purchased at an average cost of $3.71 per share, for a total transaction of $11,130.00. Following the transaction, the chief financial officer now directly owns 3,000 shares in the company, valued at approximately $11,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SMTX opened at $3.60 on Friday. SMTC Co. has a 12-month low of $1.56 and a 12-month high of $4.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.39 and a quick ratio of 0.98.
SMTC (NASDAQ:SMTX) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter. SMTC had a negative return on equity of 0.56% and a negative net margin of 0.07%. The business had revenue of $53.68 million for the quarter.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in shares of SMTC by 10.1% during the 3rd quarter. Renaissance Technologies LLC now owns 409,210 shares of the technology company’s stock worth $1,183,000 after buying an additional 37,545 shares in the last quarter. Essex Investment Management Co. LLC grew its position in shares of SMTC by 33.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 207,326 shares of the technology company’s stock worth $599,000 after buying an additional 51,830 shares in the last quarter. Bridgeway Capital Management Inc. grew its position in shares of SMTC by 33.3% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 140,000 shares of the technology company’s stock worth $405,000 after buying an additional 35,000 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of SMTC by 33.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 139,552 shares of the technology company’s stock worth $403,000 after buying an additional 34,885 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of SMTC by 38.5% during the 3rd quarter. BlackRock Inc. now owns 57,049 shares of the technology company’s stock worth $165,000 after buying an additional 15,871 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet raised SMTC from a “d+” rating to a “c” rating in a research report on Thursday, November 1st.
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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.
Further Reading: Risk Tolerance
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