Schmitt Industries (SMIT) Receives News Impact Rating of 0.15

Headlines about Schmitt Industries (NASDAQ:SMIT) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Schmitt Industries earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 46.1214922794452 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Schmitt Industries (NASDAQ:SMIT) traded up $0.16 during midday trading on Friday, hitting $2.89. 414,000 shares of the company traded hands, compared to its average volume of 224,967. The firm has a market cap of $8.18, a price-to-earnings ratio of -15.21 and a beta of 0.37. Schmitt Industries has a twelve month low of $1.48 and a twelve month high of $4.47.

Schmitt Industries (NASDAQ:SMIT) last posted its quarterly earnings results on Wednesday, December 13th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $3.77 million for the quarter. Schmitt Industries had a negative net margin of 4.35% and a negative return on equity of 8.47%.

SMIT has been the topic of several analyst reports. ValuEngine upgraded shares of Schmitt Industries from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. TheStreet upgraded shares of Schmitt Industries from a “d+” rating to a “c-” rating in a research report on Monday, December 11th.

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About Schmitt Industries

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).

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