Insider Selling: Shimmick Co. (NASDAQ:SHIM) Director Sells 6,500 Shares of Stock

Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen sold 6,500 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $1.72, for a total value of $11,180.00. Following the sale, the director now directly owns 21,558,650 shares in the company, valued at $37,080,878. This trade represents a 0.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shimmick Stock Performance

Shares of SHIM stock traded up $0.09 during midday trading on Friday, hitting $1.76. The company had a trading volume of 28,303 shares, compared to its average volume of 410,898. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80. Shimmick Co. has a 52-week low of $1.47 and a 52-week high of $7.05. The stock has a market cap of $59.48 million, a price-to-earnings ratio of -0.45 and a beta of 0.59. The company’s 50 day simple moving average is $2.20 and its 200 day simple moving average is $2.40.

Shimmick (NASDAQ:SHIM) last released its earnings results on Thursday, March 13th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.62). Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. The business had revenue of $103.55 million during the quarter, compared to analyst estimates of $118.90 million. During the same quarter in the previous year, the company posted ($0.59) earnings per share. Research analysts anticipate that Shimmick Co. will post -2.48 earnings per share for the current fiscal year.

Institutional Trading of Shimmick

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp bought a new position in Shimmick during the 3rd quarter valued at $36,000. Avanza Fonder AB bought a new position in Shimmick during the fourth quarter valued at about $52,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Shimmick in the fourth quarter valued at about $96,000. LPL Financial LLC acquired a new stake in Shimmick during the fourth quarter worth about $284,000. Finally, Pacific Ridge Capital Partners LLC grew its position in Shimmick by 41.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company’s stock worth $1,259,000 after buying an additional 141,861 shares in the last quarter. Institutional investors and hedge funds own 6.94% of the company’s stock.

Shimmick Company Profile

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.