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

Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen sold 7,900 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $34,941,213. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shimmick Price Performance

SHIM opened at $1.67 on Friday. The firm’s fifty day moving average price is $2.27 and its two-hundred day moving average price is $2.43. The company has a market capitalization of $56.44 million, a price-to-earnings ratio of -0.43 and a beta of 0.59. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80. Shimmick Co. has a 1 year low of $1.47 and a 1 year high of $7.05.

Shimmick (NASDAQ:SHIM) last issued its quarterly earnings data 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). The firm had revenue of $103.55 million during the quarter, compared to the consensus estimate 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 in the previous year, the company posted ($0.59) earnings per share. As a group, analysts anticipate that Shimmick Co. will post -2.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Shimmick

Institutional investors have recently modified their holdings of the business. Pacific Ridge Capital Partners LLC boosted its position in Shimmick by 41.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company’s stock worth $1,259,000 after purchasing an additional 141,861 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Shimmick in the 4th quarter worth about $284,000. Thompson Davis & CO. Inc. purchased a new position in shares of Shimmick in the 4th quarter worth about $96,000. Avanza Fonder AB bought a new position in Shimmick during the fourth quarter valued at about $52,000. Finally, Sanders Morris Harris LLC increased 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 buying an additional 122,442 shares during the last quarter. 6.94% of the stock is owned by institutional investors.

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.