SCHMID Group (NASDAQ:SHMD) Stock Rating Upgraded by Wall Street Zen

SCHMID Group (NASDAQ:SHMD) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

SCHMID Group Stock Performance

SCHMID Group stock opened at $4.37 on Friday. SCHMID Group has a 52-week low of $2.32 and a 52-week high of $10.65. The stock’s 50 day moving average price is $4.03 and its two-hundred day moving average price is $5.32.

SCHMID Group (NASDAQ:SHMD) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.48) earnings per share for the quarter. The firm had revenue of $26.25 million for the quarter.

Insider Activity

In other news, Director Ralf Speth bought 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average cost of $3.25 per share, with a total value of $113,750.00. Following the transaction, the director directly owned 236,311 shares of the company’s stock, valued at approximately $768,010.75. This represents a 17.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anette Schmid bought 69,000 shares of the firm’s stock in a transaction that occurred on Sunday, August 30th. The stock was purchased at an average cost of $3.16 per share, with a total value of $218,040.00. Following the completion of the transaction, the director directly owned 13,749,589 shares in the company, valued at $43,448,701.24. This represents a 0.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 137,000 shares of company stock worth $432,440 in the last quarter. Company insiders own 15.11% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHMD. Engineers Gate Manager LP bought a new position in shares of SCHMID Group in the second quarter valued at $182,000. Integrated Wealth Concepts LLC bought a new stake in shares of SCHMID Group during the second quarter worth about $282,000. Citadel Advisors LLC acquired a new stake in shares of SCHMID Group in the 2nd quarter worth about $111,000. Finally, Corsair Capital Management L.P. acquired a new stake in shares of SCHMID Group in the 1st quarter worth about $148,000. Institutional investors own 46.03% of the company’s stock.

SCHMID Group Company Profile

SCHMID Group N.V. is a Germany-based technology company that develops and manufactures equipment, production systems and process solutions for high-tech industries. Its activities are focused primarily on electronics manufacturing, including printed circuit boards and related applications, as well as clean-energy and advanced-materials markets.

The company’s product portfolio includes systems for wet-chemical processing, surface treatment, coating, laser processing, automation and other specialized manufacturing steps.