Schmitt Industries (NASDAQ:SMIT) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Schmitt Industries, Inc. (NASDAQ:SMITGet Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.02 and traded as low as $0.02. Schmitt Industries shares last traded at $0.02, with a volume of 600 shares changing hands.

Schmitt Industries Trading Down 3.2%

The firm has a 50-day moving average of $0.02 and a 200 day moving average of $0.02.

About Schmitt Industries

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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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