Somewhat Positive News Coverage Somewhat Unlikely to Affect Schmitt Industries (SMIT) Share Price
News headlines about Schmitt Industries (NASDAQ:SMIT) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Schmitt Industries earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the scientific and technical instruments company an impact score of 46.1685718228623 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
SMIT has been the subject of a number of analyst reports. ValuEngine raised shares of Schmitt Industries from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. TheStreet upgraded shares of Schmitt Industries from a “d+” rating to a “c-” rating in a research report on Monday, December 11th.
Schmitt Industries (SMIT) traded down $0.13 during mid-day trading on Wednesday, hitting $2.79. 87,700 shares of the company’s stock were exchanged, compared to its average volume of 162,700. Schmitt Industries has a one year low of $1.48 and a one year high of $4.47. The company has a market cap of $8.90, a P/E ratio of -14.68 and a beta of 0.37.
About Schmitt Industries
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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