Schmitt Industries Inc. (SMIT) Releases Earnings Results
Schmitt Industries Inc. (NASDAQ:SMIT) announced its earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $2.90 million for the quarter, compared to analyst estimates of $3.10 million. Schmitt Industries had a negative return on equity of 17.12% and a negative net margin of 12.60%.
Shares of Schmitt Industries (NASDAQ:SMIT) opened at 1.58 on Tuesday. Schmitt Industries has a 12 month low of $1.37 and a 12 month high of $4.49. The firm’s market capitalization is $4.73 million. The stock’s 50 day moving average price is $1.55 and its 200-day moving average price is $1.93.
Schmitt Industries Company Profile
Schmitt Industries, Inc designs, manufactures and sells test and measurement products for two main business segments: the Balancer segment and the Measurement segment. The Company operates through two segments: the design and assembly of dynamic balancing systems and components for the machine tool industry (Balancer), and the design and assembly of laser-based test and measurement systems (Measurement).
Receive News & Ratings for Schmitt Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schmitt Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.