Schmitt Industries, Inc. (NASDAQ:SMIT – Get Rating)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.33 and traded as low as $0.20. Schmitt Industries shares last traded at $0.25, with a volume of 395,982 shares changing hands.
Schmitt Industries Stock Down 61.4 %
The stock has a market cap of $366,484.80, a price-to-earnings ratio of -0.11 and a beta of 1.15. The company has a quick ratio of 0.44, a current ratio of 0.69 and a debt-to-equity ratio of 27.12. The stock has a 50 day simple moving average of $0.68 and a 200 day simple moving average of $2.31.
Get Schmitt Industries alerts:Institutional Inflows and Outflows
An institutional investor recently bought a new position in Schmitt Industries stock. Virtu Financial LLC bought a new stake in shares of Schmitt Industries, Inc. (NASDAQ:SMIT – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,177 shares of the scientific and technical instruments company's stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.42% of Schmitt Industries as of its most recent SEC filing. Hedge funds and other institutional investors own 35.34% of the company's stock.
Schmitt Industries Company Profile
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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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