SCHMID Group (NASDAQ:SHMD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SCHMID Group (NASDAQ:SHMD) from a sell rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

SCHMID Group Price Performance

Shares of SHMD stock opened at $4.38 on Friday. The company’s fifty day simple moving average is $4.03 and its 200-day simple moving average is $5.31. SCHMID Group has a 52 week low of $2.32 and a 52 week high of $10.65.

SCHMID Group (NASDAQ:SHMD) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.48) earnings per share for the quarter. The company had revenue of $26.25 million for the quarter.

Insider Transactions at SCHMID Group

In related news, Director Ralf Speth bought 35,000 shares of the stock in a transaction dated Monday, August 31st. The stock was acquired at an average price of $3.25 per share, for a total transaction of $113,750.00. Following the completion of the purchase, the director owned 236,311 shares in the company, valued at $768,010.75. This represents a 17.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anette Schmid bought 69,000 shares of the company’s stock in a transaction that occurred on Sunday, August 30th. The shares were bought at an average price of $3.16 per share, for a total transaction of $218,040.00. Following the completion of the acquisition, the director owned 13,749,589 shares in the company, valued at approximately $43,448,701.24. This trade represents a 0.50% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 137,000 shares of company stock worth $432,440. 15.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SCHMID Group

A number of institutional investors and hedge funds have recently bought and sold shares of SHMD. Engineers Gate Manager LP acquired a new stake in SCHMID Group in the second quarter valued at approximately $182,000. Integrated Wealth Concepts LLC purchased a new stake in shares of SCHMID Group during the second quarter valued at approximately $282,000. Citadel Advisors LLC acquired a new position in shares of SCHMID Group during the second quarter worth $111,000. Finally, Corsair Capital Management L.P. acquired a new position in shares of SCHMID Group during the first quarter worth $148,000. Hedge funds and other institutional investors own 46.03% of the company’s stock.

SCHMID Group Company Profile

SCHMID Group N.V. is a Germany-based technology company that develops and manufactures equipment, production systems and process solutions for high-tech industries. Its activities are focused primarily on electronics manufacturing, including printed circuit boards and related applications, as well as clean-energy and advanced-materials markets.

The company’s product portfolio includes systems for wet-chemical processing, surface treatment, coating, laser processing, automation and other specialized manufacturing steps.