Schmitt Industries (SMIT) Releases Quarterly Earnings Results

Schmitt Industries (NASDAQ:SMIT) issued its earnings results on Thursday. The scientific and technical instruments company reported ($0.06) earnings per share for the quarter, Bloomberg Earnings reports. Schmitt Industries had a return on equity of 1.51% and a net margin of 0.93%.

Shares of NASDAQ:SMIT traded up $0.05 during trading on Friday, hitting $2.77. The company’s stock had a trading volume of 400 shares, compared to its average volume of 7,194. Schmitt Industries has a fifty-two week low of $1.91 and a fifty-two week high of $4.12. The stock has a market cap of $11.70 million, a price-to-earnings ratio of 73.25 and a beta of 0.75.

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About Schmitt Industries

Schmitt Industries, Inc, together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company's Balancer segment offers computer-controlled vibration detection, balancing, and process control systems. Its products comprise Schmitt Dynamic Balance System, which consists of a vibration sensor, a computer control unit, and a balance head; SB-5500, an optional acoustic emission monitoring system (AEMS) control card to monitor the AE signals generated on the grinding machine; process control cards to provide enhanced control of the grinding process; SB-2000, a compact manual balancing system; and AE-1000, an AE control platform, which reduces air machine grinding time.

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Earnings History for Schmitt Industries (NASDAQ:SMIT)

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