Somewhat Favorable News Coverage Somewhat Unlikely to Affect Schmitt Industries (SMIT) Stock Price
Media headlines about Schmitt Industries (NASDAQ:SMIT) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Schmitt Industries earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news coverage about the scientific and technical instruments company an impact score of 46.1115612559979 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Schmitt Industries (NASDAQ SMIT) opened at $2.01 on Wednesday. Schmitt Industries has a 1 year low of $1.48 and a 1 year high of $2.32.
Schmitt Industries (NASDAQ:SMIT) last issued its quarterly earnings data on Friday, October 6th. The scientific and technical instruments company reported ($0.04) earnings per share for the quarter. The business had revenue of $3.08 million during the quarter. Schmitt Industries had a negative return on equity of 15.15% and a negative net margin of 8.59%.
Separately, ValuEngine upgraded Schmitt Industries from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th.
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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).
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