SCHMID Group (NASDAQ:SHMD) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of SCHMID Group (NASDAQ:SHMD) from a hold rating to a sell rating in a research report report published on Saturday.

SCHMID Group Stock Down 11.5%

SHMD opened at $3.01 on Friday. The company has a fifty day moving average of $4.80 and a 200 day moving average of $5.93. SCHMID Group has a fifty-two week low of $2.00 and a fifty-two week high of $10.65.

SCHMID Group (NASDAQ:SHMD) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.46) EPS for the quarter. The business had revenue of $26.25 million for the quarter.

Hedge Funds Weigh In On SCHMID Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in SCHMID Group in the 3rd quarter worth approximately $40,000. Jane Street Group LLC bought a new position in shares of SCHMID Group during the 4th quarter valued at approximately $106,000. HRT Financial LP purchased a new position in shares of SCHMID Group in the fourth quarter valued at $130,000. XTX Topco Ltd purchased a new position in shares of SCHMID Group in the fourth quarter valued at $137,000. Finally, Geode Capital Management LLC bought a new stake in SCHMID Group in the fourth quarter worth $156,000. 46.03% of the stock is owned by institutional investors.

SCHMID Group Company Profile

Schmid Group AG is a global engineering and manufacturing company specializing in flexible packaging and barrier coating technologies for a range of industries. The company’s core offerings include turnkey coating, metallization and extrusion lamination lines designed to enhance the functional performance of films and substrates used in food, pharmaceutical and medical packaging applications. Schmid Group’s expertise also encompasses process engineering, product development and on-site support services, enabling clients to optimize production efficiency and sustainability in high-volume manufacturing environments.

In addition to its barrier technologies, Schmid Group provides modular solutions for thin-film coating, printing, slitting and winding, as well as machinery for flat glass finishing such as washing, sanding and patterning.