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 company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $1.72, for a total transaction of $11,180.00. Following the completion of the sale, the director now directly owns 21,558,650 shares in the company, valued at approximately $37,080,878. The trade was a 0.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shimmick Price Performance

NASDAQ:SHIM opened at $1.76 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60. The firm has a market cap of $59.48 million, a PE ratio of -0.45 and a beta of 0.59. Shimmick Co. has a 12 month low of $1.47 and a 12 month high of $7.05. The company’s 50-day moving average price is $2.19 and its two-hundred day moving average price is $2.38.

Shimmick (NASDAQ:SHIM) last announced its earnings results on Thursday, March 13th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.62). Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. The business had revenue of $103.55 million during the quarter, compared to analyst estimates of $118.90 million. During the same period in the previous year, the firm earned ($0.59) earnings per share. On average, equities analysts anticipate that Shimmick Co. will post -2.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Shimmick

Institutional investors and hedge funds have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC raised its holdings in shares of Shimmick by 41.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company’s stock valued at $1,259,000 after buying an additional 141,861 shares during the last quarter. LPL Financial LLC bought a new stake in Shimmick during the 4th quarter worth about $284,000. Thompson Davis & CO. Inc. acquired a new stake in Shimmick in the 4th quarter valued at about $96,000. Avanza Fonder AB bought a new position in shares of Shimmick in the fourth quarter worth about $52,000. Finally, Sanders Morris Harris LLC lifted its position in shares of Shimmick by 20.7% during the fourth quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company’s stock worth $1,846,000 after purchasing an additional 122,442 shares in the last quarter. Institutional investors and hedge funds 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.