SCHMID Group (NASDAQ:SHMD) Downgraded by Wall Street Zen to Sell

SCHMID Group (NASDAQ:SHMD) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

SCHMID Group Stock Down 0.9%

Shares of NASDAQ SHMD opened at $2.15 on Friday. SCHMID Group has a 1-year low of $2.09 and a 1-year high of $10.65. The business’s fifty day moving average price is $3.40 and its two-hundred day moving average price is $5.50.

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

Insider Activity

In other news, Director Ralf Speth purchased 33,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average cost of $3.05 per share, for a total transaction of $100,650.00. Following the acquisition, the director directly owned 269,311 shares of the company’s stock, valued at $821,398.55. This represents a 13.96% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anette Schmid purchased 69,000 shares of the firm’s stock in a transaction dated Sunday, August 30th. The stock was acquired at an average price 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 approximately $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. Over the last quarter, insiders purchased 137,000 shares of company stock valued at $432,440. Company insiders own 15.11% of the company’s stock.

Institutional Trading of SCHMID Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in shares of SCHMID Group in the 2nd quarter valued at about $111,000. Corsair Capital Management L.P. bought a new position in shares of SCHMID Group in the 1st quarter valued at approximately $148,000. Engineers Gate Manager LP acquired a new stake in shares of SCHMID Group during the second quarter worth approximately $182,000. Integrated Wealth Concepts LLC bought a new position in SCHMID Group during the 2nd quarter worth about $282,000. Finally, Joel Isaacson & Co. LLC acquired a new stake in SCHMID Group during the third quarter worth approximately $289,000. 46.03% of the stock is owned by institutional investors and hedge funds.

About SCHMID Group

SCHMID Group N.V. (NASDAQ: SHMD) is a technology company that develops and manufactures production equipment and process solutions for the electronics, semiconductor and renewable energy industries. Its systems are used in the fabrication and treatment of printed circuit boards, semiconductor components and photovoltaic products.

The company’s product portfolio includes equipment for wet-chemical processing, cleaning, etching, coating, plating and other surface-treatment processes. SCHMID also provides integrated production systems, engineering and related services designed to support customers’ manufacturing operations and improve process efficiency.

Founded in Germany in 1864, SCHMID Group serves industrial customers internationally, with operations and business relationships spanning Europe, Asia and other global markets.