Insider Selling: Shimmick Co. (NASDAQ:SHIM) Director Sells 6,500 Shares of Stock

Shimmick Co. (NASDAQ:SHIM) Director Mitchell B. Goldsteen sold 6,500 shares of Shimmick stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $1.72, for a total value of $11,180.00. Following the sale, the director now owns 21,558,650 shares of the company’s stock, valued at approximately $37,080,878. This represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shimmick Price Performance

Shares of SHIM opened at $1.76 on Friday. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $59.48 million, a PE ratio of -0.45 and a beta of 0.59. The firm’s 50 day moving average price is $2.19 and its 200 day moving average price is $2.39. Shimmick Co. has a twelve month low of $1.47 and a twelve month high of $7.05.

Shimmick (NASDAQ:SHIM) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.62). The business had revenue of $103.55 million for the quarter, compared to the consensus estimate of $118.90 million. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. During the same quarter in the prior year, the business posted ($0.59) EPS. As a group, research analysts expect that Shimmick Co. will post -2.48 EPS for the current fiscal year.

Institutional Trading of Shimmick

Several large investors have recently made changes to their positions in the stock. State Street Corp bought a new position in shares of Shimmick in the 3rd quarter valued at approximately $36,000. Avanza Fonder AB acquired a new position in Shimmick during the fourth quarter valued at approximately $52,000. Thompson Davis & CO. Inc. bought a new position in shares of Shimmick in the fourth quarter valued at approximately $96,000. LPL Financial LLC acquired a new stake in shares of Shimmick in the fourth quarter worth $284,000. Finally, Sanders Morris Harris LLC boosted its holdings in shares of Shimmick by 20.7% during the 4th quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company’s stock worth $1,846,000 after buying an additional 122,442 shares during the period. Institutional investors own 6.94% of the company’s stock.

Shimmick Company Profile

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.