SMTC Co. (NASDAQ:SMTX) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price target of $7.50 for the company and are anticipating that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given SMTC an industry rank of 182 out of 256 based on the ratings given to its competitors.
Several analysts recently commented on the company. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, TheStreet lowered TRI Pointe Group from a “b-” rating to a “c+” rating in a report on Monday, July 15th.
A number of hedge funds have recently bought and sold shares of SMTX. Ridgewood Investments LLC acquired a new stake in shares of SMTC in the first quarter valued at $55,000. BNP Paribas Arbitrage SA acquired a new position in SMTC during the 2nd quarter worth $86,000. Sigma Planning Corp acquired a new position in SMTC during the 1st quarter worth $91,000. Finally, Dimensional Fund Advisors LP grew its stake in SMTC by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 143,531 shares of the technology company’s stock worth $586,000 after purchasing an additional 3,979 shares in the last quarter. 12.99% of the stock is owned by institutional investors.
Shares of SMTX stock traded up $0.04 during mid-day trading on Tuesday, reaching $3.77. The stock had a trading volume of 16,100 shares, compared to its average volume of 149,885. The business has a fifty day moving average of $3.71. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 1.95. The company has a market cap of $105.04 million, a price-to-earnings ratio of 62.83 and a beta of 0.62. SMTC has a 1-year low of $2.35 and a 1-year high of $5.98.
SMTC (NASDAQ:SMTX) last announced its quarterly earnings data 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). The firm had revenue of $102.65 million during the quarter, compared to analyst estimates of $98.04 million. SMTC had a net margin of 0.27% and a return on equity of 1.73%. Analysts forecast that SMTC will post 0.07 earnings per share for the current year.
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.
See Also: How to identify percentage decliners
Get a free copy of the Zacks research report on SMTC (SMTX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SMTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SMTC and related companies with MarketBeat.com's FREE daily email newsletter.