SCHMID Group (NASDAQ:SHMD) Announces Quarterly Earnings Results

SCHMID Group (NASDAQ:SHMD) posted its earnings results on Friday. The company reported $999.00 earnings per share for the quarter, Zacks reports.

SCHMID Group Trading Up 3.5%

Shares of SHMD traded up $0.23 during mid-day trading on Friday, reaching $6.87. The company’s stock had a trading volume of 1,248,909 shares, compared to its average volume of 1,150,989. SCHMID Group has a 12-month low of $2.00 and a 12-month high of $10.65. The company’s 50 day moving average is $6.12 and its 200 day moving average is $6.33.

Institutional Investors Weigh In On SCHMID Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sculptor Capital LP purchased a new position in SCHMID Group during the 2nd quarter worth approximately $587,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in SCHMID Group during the 3rd quarter worth approximately $40,000. Geode Capital Management LLC purchased a new position in SCHMID Group during the 4th quarter worth approximately $156,000. HRT Financial LP purchased a new position in SCHMID Group during the 4th quarter worth approximately $130,000. Finally, Jane Street Group LLC purchased a new position in SCHMID Group during the 4th quarter worth approximately $106,000. 46.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen lowered SCHMID Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of SCHMID Group in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

About SCHMID Group

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.