Schmitt Industries (SMIT) Earning Somewhat Positive Media Coverage, Report Finds
Press coverage about Schmitt Industries (NASDAQ:SMIT) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public 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 0.08 on Accern’s scale. Accern also gave media headlines about the scientific and technical instruments company an impact score of 45.173546891336 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research analysts have recently commented on SMIT shares. ValuEngine raised Schmitt Industries from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. TheStreet raised Schmitt Industries from a “d+” rating to a “c-” rating in a report on Monday, December 11th.
Shares of Schmitt Industries (SMIT) traded down $0.10 during midday trading on Friday, hitting $2.49. The stock had a trading volume of 80,673 shares, compared to its average volume of 128,728. Schmitt Industries has a 52 week low of $1.48 and a 52 week high of $4.47. The stock has a market capitalization of $10.66, a price-to-earnings ratio of -13.11 and a beta of 0.46.
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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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