Shares of SMTC Co. (NASDAQ:SMTX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $7.50 for the company and are anticipating that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned SMTC an industry rank of 141 out of 256 based on the ratings given to related companies.
A number of equities analysts recently weighed in on SMTX shares. ValuEngine raised shares of SMTC from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. TheStreet cut shares of SMTC from a “c” rating to a “d+” rating in a report on Wednesday, May 15th. Finally, Zacks Investment Research cut shares of SMTC from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th.
NASDAQ SMTX traded up $0.08 during mid-day trading on Wednesday, reaching $3.11. 2,800 shares of the stock were exchanged, compared to its average volume of 111,960. SMTC has a one year low of $2.30 and a one year high of $5.98. The company has a market capitalization of $71.22 million, a PE ratio of 52.33 and a beta of 0.43. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 1.95.
SMTC (NASDAQ:SMTX) last announced its earnings results on Wednesday, May 8th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). SMTC had a return on equity of 1.73% and a net margin of 0.27%. The firm had revenue of $102.65 million for the quarter, compared to the consensus estimate of $98.04 million. As a group, equities analysts expect that SMTC will post 0.07 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. Ridgewood Investments LLC acquired a new stake in SMTC in the first quarter worth $55,000. Morgan Stanley grew its holdings in SMTC by 227.2% in the first quarter. Morgan Stanley now owns 18,093 shares of the technology company’s stock worth $68,000 after purchasing an additional 12,564 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in SMTC in the first quarter worth $91,000. Sigma Planning Corp acquired a new stake in SMTC in the first quarter worth $91,000. Finally, BlackRock Inc. grew its holdings in SMTC by 38.5% in the third quarter. BlackRock Inc. now owns 57,049 shares of the technology company’s stock worth $165,000 after purchasing an additional 15,871 shares during the period. Institutional investors and hedge funds own 15.55% of the company’s stock.
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.
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