Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen Sells 7,900 Shares of Stock

Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen sold 7,900 shares of Shimmick stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $1.62, for a total value of $12,798.00. Following the sale, the director now owns 21,568,650 shares in the company, valued at $34,941,213. This represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shimmick Trading Down 1.8 %

Shimmick stock opened at $1.67 on Friday. 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 Co. has a 1 year low of $1.47 and a 1 year high of $7.75. The firm’s 50-day moving average is $2.27 and its 200-day moving average is $2.43. The company has a market cap of $56.44 million, a P/E ratio of -0.43 and a beta of 0.59.

Shimmick (NASDAQ:SHIM) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.62). The firm had revenue of $103.55 million during the quarter, compared to analyst estimates of $118.90 million. Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. During the same period last year, the business earned ($0.59) EPS. On average, equities analysts expect that Shimmick Co. will post -2.48 earnings per share for the current year.

Institutional Investors Weigh In On Shimmick

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC increased its position in shares of Shimmick by 41.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company’s stock valued at $1,259,000 after purchasing an additional 141,861 shares during the period. Sanders Morris Harris LLC grew its holdings in Shimmick by 20.7% during the fourth quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company’s stock worth $1,846,000 after acquiring an additional 122,442 shares during the period. LPL Financial LLC acquired a new position in Shimmick during the fourth quarter worth about $284,000. Thompson Davis & CO. Inc. acquired a new stake in Shimmick in the 4th quarter valued at about $96,000. Finally, Avanza Fonder AB bought a new position in shares of Shimmick during the 4th quarter valued at about $52,000. Institutional investors 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.