SCHMID Group (NASDAQ:SHMD) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of SCHMID Group (NASDAQ:SHMD) from a hold rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

SCHMID Group Stock Performance

Shares of SCHMID Group stock opened at $3.09 on Friday. The firm’s 50 day simple moving average is $4.72 and its two-hundred day simple moving average is $5.85. SCHMID Group has a 12-month low of $2.00 and a 12-month high of $10.65.

SCHMID Group (NASDAQ:SHMD) last issued its earnings results on Friday, August 14th. The company reported ($0.46) earnings per share (EPS) for the quarter. The company had revenue of $26.25 million during the quarter.

Insider Buying and Selling at SCHMID Group

In other news, Director Anette Schmid acquired 69,000 shares of the firm’s stock in a transaction on Sunday, August 30th. The stock was acquired at an average price of $3.16 per share, for a total transaction of $218,040.00. Following the completion of the transaction, the director owned 13,749,589 shares in the company, valued at approximately $43,448,701.24. The trade was a 0.50% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in SCHMID Group in the 3rd quarter valued at $40,000. Jane Street Group LLC acquired a new position in SCHMID Group during the fourth quarter worth $106,000. HRT Financial LP purchased a new position in SCHMID Group during the fourth quarter valued at $130,000. XTX Topco Ltd purchased a new position in SCHMID Group during the fourth quarter valued at $137,000. Finally, Corsair Capital Management L.P. acquired a new stake in shares of SCHMID Group in the first quarter valued at about $148,000. Hedge funds and other institutional investors own 46.03% of the company’s stock.

About SCHMID Group

Schmid Group AG is a global engineering and manufacturing company specializing in flexible packaging and barrier coating technologies for a range of industries. The company’s core offerings include turnkey coating, metallization and extrusion lamination lines designed to enhance the functional performance of films and substrates used in food, pharmaceutical and medical packaging applications. Schmid Group’s expertise also encompasses process engineering, product development and on-site support services, enabling clients to optimize production efficiency and sustainability in high-volume manufacturing environments.

In addition to its barrier technologies, Schmid Group provides modular solutions for thin-film coating, printing, slitting and winding, as well as machinery for flat glass finishing such as washing, sanding and patterning.