SCHMID Group (NASDAQ:SHMD) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of SCHMID Group (NASDAQ:SHMD) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

SCHMID Group Price Performance

Shares of SHMD stock opened at $4.37 on Friday. SCHMID Group has a 1-year low of $2.32 and a 1-year high of $10.65. The stock has a 50-day moving average of $4.03 and a 200-day moving average of $5.33.

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

Insider Buying and Selling

In other news, Director Ralf Speth acquired 35,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was bought at an average cost of $3.25 per share, for a total transaction of $113,750.00. Following the completion of the transaction, the director directly owned 236,311 shares in the company, valued at $768,010.75. This represents a 17.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anette Schmid bought 69,000 shares of the stock in a transaction that occurred on Sunday, August 30th. The shares were purchased at an average cost of $3.16 per share, with a total value of $218,040.00. Following the purchase, the director directly owned 13,749,589 shares of the company’s stock, valued at $43,448,701.24. The trade was a 0.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 137,000 shares of company stock worth $432,440 in the last 90 days. Corporate insiders own 15.11% of the company’s stock.

Institutional Trading of SCHMID Group

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

About SCHMID Group

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.