SMTC Co. (NASDAQ:SMTX) – Research analysts at B. Riley dropped their Q2 2020 earnings estimates for SMTC in a research report issued on Tuesday, July 28th. B. Riley analyst M. Crawford now expects that the technology company will post earnings per share of ($0.03) for the quarter, down from their previous estimate of ($0.02).

Separately, Zacks Investment Research cut SMTC from a “hold” rating to a “sell” rating in a research note on Friday.

Shares of SMTX stock opened at $3.13 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.23 and a quick ratio of 0.87. The stock has a market cap of $88.33 million, a PE ratio of -13.61 and a beta of 1.38. The stock has a 50-day moving average of $3.06 and a 200-day moving average of $3.03. SMTC has a one year low of $1.32 and a one year high of $4.19.

SMTC (NASDAQ:SMTX) last released its earnings results on Wednesday, May 6th. The technology company reported $0.07 EPS for the quarter. The firm had revenue of $95.14 million for the quarter, compared to analysts’ expectations of $91.00 million. SMTC had a negative net margin of 1.76% and a positive return on equity of 17.18%.

An institutional investor recently bought a new position in SMTC stock. Cadence Capital Management LLC acquired a new stake in SMTC Co. (NASDAQ:SMTX) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 261,223 shares of the technology company’s stock, valued at approximately $609,000. Cadence Capital Management LLC owned 0.93% of SMTC as of its most recent filing with the SEC. Institutional investors and hedge funds own 14.87% of the company’s stock.

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.

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