Mitchell B. Goldsteen Sells 6,500 Shares of Shimmick Co. (NASDAQ:SHIM) Stock

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

Shimmick Stock Performance

NASDAQ:SHIM opened at $1.76 on Monday. Shimmick Co. has a twelve month low of $1.47 and a twelve month high of $7.05. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60. The company has a 50-day moving average of $2.19 and a 200-day moving average of $2.38. The firm has a market cap of $59.48 million, a price-to-earnings ratio of -0.45 and a beta of 0.59.

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

Hedge Funds Weigh In On Shimmick

Several large investors have recently made changes to their positions in the business. Sanders Morris Harris LLC boosted its position 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 valued at $1,846,000 after purchasing an additional 122,442 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of Shimmick by 41.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company’s stock valued at $1,259,000 after purchasing an additional 141,861 shares in the last quarter. LPL Financial LLC purchased a new stake in Shimmick during the fourth quarter valued at about $284,000. Thompson Davis & CO. Inc. purchased a new stake in Shimmick during the fourth quarter valued at about $96,000. Finally, Avanza Fonder AB purchased a new stake in Shimmick during the fourth quarter valued at about $52,000. Institutional investors own 6.94% of the company’s stock.

About Shimmick

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.