Somewhat Critical News Coverage Very Unlikely to Impact SMTC Corporation (SMTX) Share Price
News stories about SMTC Corporation (NASDAQ:SMTX) have been trending somewhat negative this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. SMTC Corporation earned a coverage optimism score of -0.09 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 13 out of 100, indicating that recent media coverage is very unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Insider Buying: SMTC Corporation (NASDAQ:SMTX) CEO Purchases 11,700 Shares of Stock (americanbankingnews.com)
- SMTC Corporation (NASDAQ:SMTX) CEO Purchases $17,290.00 in Stock (americanbankingnews.com)
- SMTC Corporation’s (SMTX) CEO Eddie Smith on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of SMTX earnings conference call or presentation 3-Aug-17 12:00pm GMT (finance.yahoo.com)
SMTC Corporation (NASDAQ:SMTX) traded down 3.08% during midday trading on Thursday, reaching $1.26. 7,170 shares of the company traded hands. The company has a 50 day moving average price of $1.26 and a 200-day moving average price of $1.30. SMTC Corporation has a one year low of $1.10 and a one year high of $1.68. The stock’s market capitalization is $21.20 million.
SMTC Corporation (NASDAQ:SMTX) last released its quarterly earnings data on Tuesday, May 16th. The technology company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $33.18 million during the quarter. SMTC Corporation had a negative return on equity of 25.34% and a negative net margin of 4.70%. Analysts forecast that SMTC Corporation will post $0.53 EPS for the current fiscal year.
In other SMTC Corporation news, major shareholder Red Oak Partners, Llc acquired 21,152 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was purchased at an average price of $1.27 per share, for a total transaction of $26,863.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Clarke H. Bailey acquired 28,725 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was acquired at an average price of $1.19 per share, with a total value of $34,182.75. Following the transaction, the director now directly owns 153,927 shares of the company’s stock, valued at approximately $183,173.13. The disclosure for this purchase can be found here. Insiders acquired 260,036 shares of company stock valued at $329,210 in the last quarter. 23.00% of the stock is currently owned by company insiders.
About SMTC Corporation
SMTC Corporation (SMTC) is a provider of electronics manufacturing services (EMS). The Company’s manufacturing services include product design and sustaining engineering services, printed circuit board assembly (PCBA), production, enclosure fabrication, systems integration and testing services, configuration to order, build to order and direct order fulfillment.
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