SMTC (NASDAQ:SMTX) Announces Earnings Results

SMTC (NASDAQ:SMTX) issued its quarterly earnings results on Monday. The technology company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.09), Fidelity Earnings reports. The company had revenue of $88.68 million during the quarter, compared to analysts’ expectations of $77.00 million. SMTC had a positive return on equity of 7.16% and a negative net margin of 2.26%.

NASDAQ SMTX opened at $2.59 on Thursday. The firm has a market cap of $67.25 million, a price-to-earnings ratio of 43.17 and a beta of 0.67. The company has a quick ratio of 1.01, a current ratio of 1.47 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average price of $2.24 and a 200-day moving average price of $3.17. SMTC has a twelve month low of $2.02 and a twelve month high of $5.98.

A number of analysts have commented on the company. ValuEngine upgraded SMTC from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. Zacks Investment Research raised SMTC from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, Craig Hallum dropped their price objective on SMTC from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $6.00.

SMTC Company Profile

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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Earnings History for SMTC (NASDAQ:SMTX)

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