Shimmick (NASDAQ:SHIM) Trading Up 36%

Shimmick Co. (NASDAQ:SHIM)’s share price was up 36% on Thursday . The company traded as high as $4.12 and last traded at $4.08. Approximately 946,277 shares were traded during mid-day trading, an increase of 1,338% from the average daily volume of 65,784 shares. The stock had previously closed at $3.00.

Wall Street Analyst Weigh In

Separately, Roth Mkm lowered their price target on shares of Shimmick from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, April 1st.

Shimmick Trading Down 1.2 %

The company has a 50-day simple moving average of $5.31. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.63.

Shimmick (NASDAQ:SHIM) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.51). The firm had revenue of $138.06 million for the quarter, compared to the consensus estimate of $159.50 million. On average, research analysts anticipate that Shimmick Co. will post -0.09 EPS for the current year.

Institutional Investors Weigh In On Shimmick

Institutional investors have recently added to or reduced their stakes in the stock. Skylands Capital LLC bought a new stake in Shimmick in the 4th quarter valued at $300,000. 1492 Capital Management LLC bought a new stake in Shimmick during the 4th quarter worth about $1,997,000. Pacific Ridge Capital Partners LLC bought a new stake in Shimmick during the 4th quarter worth about $2,580,000. BNP Paribas Asset Management Holding S.A. bought a new stake in Shimmick during the 4th quarter worth about $2,885,000. Finally, Sanders Morris Harris LLC bought a new stake in Shimmick during the 1st quarter worth about $3,243,000. 6.94% of the stock is owned by institutional investors.

Shimmick Company Profile

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.