Schmitt Industries (SMIT) Given Daily Media Sentiment Score of 0.05
Media coverage about Schmitt Industries (NASDAQ:SMIT) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Schmitt Industries earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave media coverage about the scientific and technical instruments company an impact score of 46.5627256249507 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Schmitt Industries (NASDAQ:SMIT) traded up $0.03 during trading on Tuesday, hitting $1.95. 79,272 shares of the stock were exchanged, compared to its average volume of 59,493. Schmitt Industries has a 1-year low of $1.48 and a 1-year high of $2.32.
Schmitt Industries (NASDAQ:SMIT) last issued its earnings results on Friday, October 6th. The scientific and technical instruments company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $3.08 million during the quarter. Schmitt Industries had a negative net margin of 8.59% and a negative return on equity of 15.15%.
Separately, ValuEngine upgraded shares of Schmitt Industries from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th.
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Schmitt Industries Company Profile
Schmitt Industries, Inc designs, manufactures and sells test and measurement products for two main business segments: the Balancer segment and the Measurement segment. The Company operates through two segments: the design and assembly of dynamic balancing systems and components for the machine tool industry (Balancer), and the design and assembly of laser-based test and measurement systems (Measurement).
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