Schmitt Industries (SMIT) Earning Somewhat Positive Media Coverage, Accern Reports
Media headlines about Schmitt Industries (NASDAQ:SMIT) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Schmitt Industries earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the scientific and technical instruments company an impact score of 45.0579896033917 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Separately, ValuEngine raised shares of Schmitt Industries from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th.
Shares of Schmitt Industries (SMIT) traded up 0.52% during trading on Thursday, hitting $1.93. 4,154 shares of the company’s stock were exchanged. The company’s market cap is $5.78 million. The company has a 50-day moving average of $1.70 and a 200-day moving average of $1.69. Schmitt Industries has a 12-month low of $1.40 and a 12-month high of $3.00.
Schmitt Industries (NASDAQ:SMIT) last released its earnings results on Friday, July 14th. The scientific and technical instruments company reported ($0.14) earnings per share (EPS) for the quarter. Schmitt Industries had a negative return on equity of 14.53% and a negative net margin of 8.66%. The business had revenue of $3.65 million for the quarter.
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About Schmitt Industries
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).
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