SCHMID Group (NASDAQ:SHMD) Stock Rating Upgraded by Wall Street Zen

SCHMID Group (NASDAQ:SHMD) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SCHMID Group in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

SCHMID Group Stock Up 7.2%

SHMD stock opened at $4.15 on Friday. SCHMID Group has a 1 year low of $1.86 and a 1 year high of $6.70. The stock’s 50 day moving average price is $3.70 and its 200 day moving average price is $3.09.

Institutional Investors Weigh In On SCHMID Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sculptor Capital LP purchased a new position in SCHMID Group during the second quarter worth about $587,000. Magnetar Financial LLC purchased a new stake in SCHMID Group in the 2nd quarter valued at about $135,000. Envestnet Asset Management Inc. increased its stake in shares of SCHMID Group by 38.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 166,573 shares of the company’s stock valued at $461,000 after acquiring an additional 46,573 shares during the last quarter. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in shares of SCHMID Group during the 3rd quarter worth about $40,000. Finally, XTX Topco Ltd acquired a new stake in shares of SCHMID Group in the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 46.03% of the company’s stock.

SCHMID Group Company Profile

SCHMID Group N.V. develops and manufactures equipment and process solutions for electronics, photovoltaics, glass, and energy systems in Germany and internationally. The company offers electronics equipment, ET board, vertical and horizontal wet process, vacuum metallization and tech, plating, chemical mechanical polishing, and automation system solutions; and systems and process solutions for manufacturing and processing photovoltaic products, such as wafers, cells, modules, and thin films, as well as turnkey production lines.