SMTC Corporation (SMTX) Announces Earnings Results

SMTC Corporation (NASDAQ:SMTX) posted its quarterly earnings results on Tuesday, May 16th. The technology company reported ($0.10) EPS for the quarter, reports. SMTC Corporation had a negative return on equity of 10.68% and a negative net margin of 0.99%. The business had revenue of $33.18 million during the quarter.

SMTC Corporation (NASDAQ SMTX) traded up 0.08% during mid-day trading on Friday, reaching $1.33. The company’s stock had a trading volume of 7,504 shares. The firm’s 50 day moving average is $1.25 and its 200-day moving average is $1.35. The company’s market cap is $22.36 million. SMTC Corporation has a 12-month low of $1.10 and a 12-month high of $1.85.

Earnings History for SMTC Corporation (NASDAQ:SMTX)

Separately, TheStreet cut SMTC Corporation from a “c” rating to a “d+” rating in a report on Thursday, March 9th.

In related news, CEO Edward J. Smith bought 24,500 shares of SMTC Corporation stock in a transaction that occurred on Thursday, May 25th. The shares were purchased at an average price of $1.23 per share, with a total value of $30,135.00. Following the purchase, the chief executive officer now owns 14,200 shares in the company, valued at $17,466. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clarke H. Bailey bought 28,725 shares of SMTC Corporation stock in a transaction that occurred on Wednesday, May 24th. The stock was bought at an average cost of $1.19 per share, for a total transaction of $34,182.75. Following the purchase, the director now owns 153,927 shares in the company, valued at approximately $183,173.13. The disclosure for this purchase can be found here. Insiders have bought a total of 151,705 shares of company stock worth $189,623 in the last three months. Corporate insiders own 22.30% of the company’s stock.

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SMTC Corporation Company Profile

SMTC Corporation (SMTC) is a provider of electronics manufacturing services (EMS). The Company’s manufacturing services include product design and sustaining engineering services, printed circuit board assembly (PCBA), production, enclosure fabrication, systems integration and testing services, configuration to order, build to order and direct order fulfillment.

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