TheStreet upgraded shares of SMTC (NASDAQ:SMTX) from a d+ rating to a c- rating in a research note issued to investors on Monday morning, TheStreetRatingsTable reports.

A number of other research firms also recently weighed in on SMTX. Zacks Investment Research upgraded shares of General Moly from a sell rating to a hold rating in a report on Thursday, July 11th. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $7.50.

SMTX stock opened at $4.07 on Monday. SMTC has a 12-month low of $2.30 and a 12-month high of $5.98. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 1.95. The stock has a market cap of $111.98 million, a P/E ratio of 67.83 and a beta of 0.63. The business has a 50 day moving average of $3.59.

SMTC (NASDAQ:SMTX) last released its earnings results on Wednesday, May 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). SMTC had a return on equity of 1.73% and a net margin of 0.27%. The company had revenue of $102.65 million during the quarter, compared to analysts’ expectations of $98.04 million. As a group, analysts expect that SMTC will post 0.07 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in SMTX. Sigma Planning Corp bought a new position in SMTC in the 1st quarter worth $91,000. Ridgewood Investments LLC bought a new position in SMTC in the 1st quarter worth $55,000. Finally, Dimensional Fund Advisors LP raised its holdings in SMTC by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 143,531 shares of the technology company’s stock worth $586,000 after acquiring an additional 3,979 shares during the period. Hedge funds and other institutional investors own 12.97% of the company’s stock.

SMTC Company Profile

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.

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