Schmitt Industries (NASDAQ:SMIT) announced its quarterly earnings results on Friday. The scientific and technical instruments company reported ($0.05) EPS for the quarter, Bloomberg Earnings reports. Schmitt Industries had a return on equity of 2.58% and a net margin of 1.52%.
Shares of SMIT stock opened at $2.82 on Friday. Schmitt Industries has a 52 week low of $1.76 and a 52 week high of $4.47. The firm has a market capitalization of $11.23 million, a P/E ratio of 56.20 and a beta of 0.76.
Schmitt Industries Company Profile
Schmitt Industries, Inc, together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company's Balancer segment offers computer-controlled vibration detection, balancing, and process control systems. Its products comprise Schmitt Dynamic Balance System, which consists of a vibration sensor, a computer control unit, and a balance head; SB-5500, an optional acoustic emission monitoring system (AEMS) control card to monitor the AE signals generated on the grinding machine; process control cards to provide enhanced control of the grinding process; SB-2000, a compact manual balancing system; and AE-1000, an AE control platform, which reduces air machine grinding time.
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