Skylands Capital LLC Takes $300,000 Position in Shimmick Co. (NASDAQ:SHIM)

Skylands Capital LLC bought a new position in shares of Shimmick Co. (NASDAQ:SHIM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 45,500 shares of the company’s stock, valued at approximately $300,000.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their price target on Shimmick from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, April 1st.

Shimmick Stock Up 2.2 %

Shares of SHIM opened at $3.76 on Tuesday. Shimmick Co. has a 52-week low of $2.15 and a 52-week high of $7.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50 day simple moving average of $5.26.

Shimmick (NASDAQ:SHIM) last issued its earnings results on Thursday, March 28th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.51). The firm had revenue of $138.06 million for the quarter, compared to analyst estimates of $159.50 million. Research analysts anticipate that Shimmick Co. will post -0.09 EPS for the current year.

Shimmick Profile

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.