SMTC Co. (NASDAQ:SMTX) CFO Steven M. Waszak acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were purchased at an average price of $3.71 per share, with a total value of $11,130.00. Following the completion of the acquisition, the chief financial officer now owns 3,000 shares of the company’s stock, valued at approximately $11,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ:SMTX traded up $0.04 during midday trading on Thursday, hitting $3.68. 41,073 shares of the stock were exchanged, compared to its average volume of 37,559. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15. SMTC Co. has a 52-week low of $1.56 and a 52-week high of $4.16.

SMTC (NASDAQ:SMTX) last posted its earnings results on Tuesday, November 6th. The technology company reported $0.04 EPS for the quarter. The firm had revenue of $53.68 million for the quarter. SMTC had a negative net margin of 0.07% and a negative return on equity of 0.56%.

Separately, TheStreet upgraded SMTC from a “d+” rating to a “c” rating in a report on Thursday, November 1st.

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in SMTC by 10.1% during the third quarter. Renaissance Technologies LLC now owns 409,210 shares of the technology company’s stock worth $1,183,000 after buying an additional 37,545 shares during the last quarter. Bridgeway Capital Management Inc. increased its position in SMTC by 33.3% during the third quarter. Bridgeway Capital Management Inc. now owns 140,000 shares of the technology company’s stock worth $405,000 after buying an additional 35,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in SMTC by 33.3% during the third quarter. Dimensional Fund Advisors LP now owns 139,552 shares of the technology company’s stock worth $403,000 after buying an additional 34,885 shares during the last quarter. BlackRock Inc. increased its position in SMTC by 38.5% during the third quarter. BlackRock Inc. now owns 57,049 shares of the technology company’s stock worth $165,000 after buying an additional 15,871 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its position in SMTC by 33.3% during the third quarter. Essex Investment Management Co. LLC now owns 207,326 shares of the technology company’s stock worth $599,000 after buying an additional 51,830 shares during the last quarter. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2018/12/06/smtc-co-smtx-cfo-acquires-11130-00-in-stock.html.

About SMTC

SMTC Corporation provides electronics manufacturing services worldwide. The company offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services.

See Also: Systematic Risk

Receive News & Ratings for SMTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SMTC and related companies with MarketBeat.com's FREE daily email newsletter.