Schmitt Industries, Inc. (SMIT) Posts Earnings Results

Schmitt Industries, Inc. (NASDAQ:SMIT) issued its earnings results on Friday. The scientific and technical instruments company reported ($0.04) EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $3.08 million during the quarter. Schmitt Industries had a negative return on equity of 14.53% and a negative net margin of 8.66%.

Shares of Schmitt Industries (NASDAQ:SMIT) opened at 1.83 on Friday. Schmitt Industries has a 52 week low of $1.42 and a 52 week high of $2.09. The company’s market cap is $5.48 million. The stock’s 50 day moving average is $1.78 and its 200-day moving average is $1.73.

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Separately, ValuEngine cut shares of Schmitt Industries from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th.

Schmitt Industries Company Profile

Schmitt Industries, Inc designs, manufactures and sells test and measurement products for two main business segments: the Balancer segment and the Measurement segment. The Company operates through two segments: the design and assembly of dynamic balancing systems and components for the machine tool industry (Balancer), and the design and assembly of laser-based test and measurement systems (Measurement).

Earnings History for Schmitt Industries (NASDAQ:SMIT)

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