News stories about SMTC Corporation (NASDAQ:SMTX) have trended somewhat negative recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SMTC Corporation earned a coverage optimism score of -0.25 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
SMTC Corporation (SMTX) traded down 3.10% during mid-day trading on Friday, reaching $1.25. The company had a trading volume of 9,648 shares. The stock has a 50 day moving average price of $1.28 and a 200 day moving average price of $1.31. SMTC Corporation has a one year low of $1.10 and a one year high of $1.70. The company’s market capitalization is $21.02 million.
SMTC Corporation (NASDAQ:SMTX) last announced its quarterly earnings results on Tuesday, May 16th. The technology company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $33.18 million during the quarter. SMTC Corporation had a negative net margin of 0.99% and a negative return on equity of 10.68%. On average, equities analysts expect that SMTC Corporation will post $0.53 earnings per share for the current fiscal year.
In other SMTC Corporation news, Director Clarke H. Bailey acquired 28,725 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of $1.19 per share, with a total value of $34,182.75. Following the purchase, the director now directly owns 153,927 shares of the company’s stock, valued at approximately $183,173.13. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Red Oak Partners, Llc acquired 31,450 shares of the company’s stock in a transaction on Thursday, June 29th. The stock was acquired at an average cost of $1.29 per share, with a total value of $40,570.50. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 230,036 shares of company stock worth $291,078. 23.00% of the stock is currently owned by insiders.
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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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