Insider Selling: Shimmick Co. (NASDAQ:SHIM) Director Sells $12,798.00 in 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 shares were sold at an average price of $1.62, for a total value of $12,798.00. Following the completion of the sale, the director now owns 21,568,650 shares of the company’s stock, valued at approximately $34,941,213. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shimmick Trading Down 1.8 %

Shares of Shimmick stock opened at $1.67 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60. The firm has a market cap of $56.44 million, a price-to-earnings ratio of -0.43 and a beta of 0.59. The business has a fifty day simple moving average of $2.27 and a 200-day simple moving average of $2.43. Shimmick Co. has a fifty-two week low of $1.47 and a fifty-two week high of $7.05.

Shimmick (NASDAQ:SHIM) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.62). The firm had revenue of $103.55 million during the quarter, compared to analyst estimates of $118.90 million. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. During the same quarter last year, the company earned ($0.59) EPS. On average, equities analysts forecast that Shimmick Co. will post -2.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Shimmick

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp acquired a new stake in shares of Shimmick during the third quarter worth $36,000. Avanza Fonder AB acquired a new stake in shares of Shimmick during the fourth quarter worth $52,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Shimmick during the fourth quarter worth $96,000. LPL Financial LLC acquired a new stake in shares of Shimmick during the fourth quarter worth $284,000. Finally, Sanders Morris Harris LLC raised its position in shares of 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 purchasing an additional 122,442 shares during the period. 6.94% of the stock is owned by institutional investors and hedge funds.

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.