Schmitt Industries Inc. (NASDAQ:SMIT) released its quarterly earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter. Schmitt Industries had a negative return on equity of 17.48% and a negative net margin of 12.96%. The firm earned $2.90 million during the quarter, compared to analysts’ expectations of $3.10 million.
Schmitt Industries (NASDAQ:SMIT) opened at 1.45 on Monday. Schmitt Industries has a 12-month low of $1.37 and a 12-month high of $4.49. The firm has a 50-day moving average of $1.55 and a 200 day moving average of $1.94. The stock’s market capitalization is $4.34 million.
About Schmitt Industries
Schmitt Industries, Inc designs, manufactures and sells test and measurement products for two main business segments: the Balancer segment and the Measurement segment. The Company operates through two segments: the design and assembly of dynamic balancing systems and components for the machine tool industry (Balancer), and the design and assembly of laser-based test and measurement systems (Measurement).
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