Shimmick Co. (NASDAQ:SHIM – Get Free Report) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 52,300 shares, a decline of 27.7% from the February 13th total of 72,300 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 72,000 shares, the short-interest ratio is presently 0.7 days.
Shimmick Trading Up 2.1 %
SHIM stock traded up $0.04 during midday trading on Monday, reaching $1.71. The company’s stock had a trading volume of 558 shares, compared to its average volume of 412,680. The business’s 50-day simple moving average is $2.27 and its 200-day simple moving average is $2.43. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60. Shimmick has a 52 week low of $1.47 and a 52 week high of $7.05. The stock has a market cap of $57.62 million, a PE ratio of -0.43 and a beta of 0.59.
Shimmick (NASDAQ:SHIM – Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.62). Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. The firm had revenue of $103.55 million for the quarter, compared to the consensus estimate of $118.90 million. During the same quarter last year, the company posted ($0.59) EPS. As a group, sell-side analysts expect that Shimmick will post -2.48 EPS for the current year.
Institutional Trading of Shimmick
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.
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