Shares of SMTC Co. (NASDAQ:SMTX) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price target of $7.50 for the company and are anticipating that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also assigned SMTC an industry rank of 104 out of 256 based on the ratings given to its competitors.
Several brokerages have recently issued reports on SMTX. TheStreet downgraded SMTC from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. ValuEngine upgraded SMTC from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Finally, Zacks Investment Research downgraded shares of SMTC from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th.
A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in SMTC by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 143,531 shares of the technology company’s stock worth $586,000 after buying an additional 3,979 shares during the last quarter. Morgan Stanley boosted its holdings in SMTC by 227.2% during the first quarter. Morgan Stanley now owns 18,093 shares of the technology company’s stock valued at $68,000 after acquiring an additional 12,564 shares during the period. Ridgewood Investments LLC bought a new stake in SMTC during the first quarter valued at about $55,000. BlueCrest Capital Management Ltd bought a new stake in SMTC during the first quarter valued at about $91,000. Finally, Sigma Planning Corp bought a new stake in SMTC during the first quarter valued at about $91,000. 15.55% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:SMTX opened at $3.29 on Friday. The company has a market cap of $78.47 million, a PE ratio of 54.83 and a beta of 0.42. SMTC has a 52 week low of $2.30 and a 52 week high of $5.98. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.27 and a quick ratio of 0.87.
SMTC (NASDAQ:SMTX) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). The business had revenue of $102.65 million for the quarter, compared to analyst estimates of $98.04 million. SMTC had a return on equity of 1.73% and a net margin of 0.27%. Equities research analysts anticipate that SMTC will post 0.07 EPS for the current year.
SMTC Company Profile
SMTC Corporation provides electronics manufacturing services worldwide. The company offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services.
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