SCHMID Group (NASDAQ:SHMD) Trading Up 2.4% – Here’s What Happened

SCHMID Group N.V. (NASDAQ:SHMD)’s share price traded up 2.4% during trading on Thursday . The stock traded as high as $9.22 and last traded at $8.69. 844,305 shares were traded during mid-day trading, an increase of 85% from the average session volume of 455,376 shares. The stock had previously closed at $8.49.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SHMD shares. Weiss Ratings restated a “sell (e+)” rating on shares of SCHMID Group in a research note on Saturday, September 27th. Wall Street Zen raised SCHMID Group to a “hold” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, SCHMID Group currently has a consensus rating of “Sell”.

SCHMID Group Price Performance

The company’s fifty day moving average is $5.88 and its two-hundred day moving average is $4.09.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SHMD. FNY Investment Advisers LLC purchased a new stake in SCHMID Group in the fourth quarter valued at $31,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of SCHMID Group in the 3rd quarter valued at about $40,000. Magnetar Financial LLC purchased a new stake in shares of SCHMID Group in the second quarter worth about $135,000. Envestnet Asset Management Inc. grew its holdings in SCHMID Group by 38.8% during the second quarter. Envestnet Asset Management Inc. now owns 166,573 shares of the company’s stock worth $461,000 after acquiring an additional 46,573 shares during the period. Finally, Sculptor Capital LP acquired a new stake in SCHMID Group during the second quarter worth about $587,000. Hedge funds and other institutional investors own 46.03% of the company’s stock.

SCHMID Group Company Profile

Schmid Group AG is a global engineering and manufacturing company specializing in flexible packaging and barrier coating technologies for a range of industries. The company’s core offerings include turnkey coating, metallization and extrusion lamination lines designed to enhance the functional performance of films and substrates used in food, pharmaceutical and medical packaging applications. Schmid Group’s expertise also encompasses process engineering, product development and on-site support services, enabling clients to optimize production efficiency and sustainability in high-volume manufacturing environments.

In addition to its barrier technologies, Schmid Group provides modular solutions for thin-film coating, printing, slitting and winding, as well as machinery for flat glass finishing such as washing, sanding and patterning.