Schmitt Industries, Inc. (NASDAQ:SMIT – Get Rating)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.65 and traded as low as $0.23. Schmitt Industries shares last traded at $0.30, with a volume of 538,349 shares.
Schmitt Industries Trading Up 17.5 %
The company has a market cap of $1.17 million, a price-to-earnings ratio of -0.35 and a beta of 0.90. The company has a quick ratio of 0.44, a current ratio of 0.69 and a debt-to-equity ratio of 27.12. The company's 50-day moving average is $0.94 and its 200 day moving average is $2.65.
Get Schmitt Industries alerts:Institutional Trading of Schmitt Industries
An institutional investor recently bought a new position in Schmitt Industries stock. Virtu Financial LLC purchased a new stake in shares of Schmitt Industries, Inc. (NASDAQ:SMIT – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,177 shares of the scientific and technical instruments company's stock, valued at approximately $33,000. Virtu Financial LLC owned 0.42% of Schmitt Industries as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 35.34% of the company's stock.
Schmitt Industries Company Profile
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Schmitt Industries, Inc, together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company operates through two segments, Measurement and Ice Cream. The Measurement segment designs, manufactures, and sells laser and confocal chromatic white light sensors for distance measurement and dimensional sizing products under the Acuity brand name for various industrial applications, including manufacturing, lumber production, steel casting, glass and paper production, medical imaging, crane control and micron-level part, and surface inspection.
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