SCHMID Group (NASDAQ:SHMD) Stock: Insider Arthur Josef Hermann Schuetz Sells 11,394 Shares

SCHMID Group N.V. (NASDAQ:SHMD) CFO Arthur Josef Hermann Schuetz sold 11,394 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $4.51, for a total value of $51,386.94. Following the transaction, the chief financial officer directly owned 42,118 shares in the company, valued at approximately $189,952.18. The trade was a 21.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SCHMID Group Stock Performance

SCHMID Group stock traded down $0.41 during midday trading on Thursday, reaching $4.45. 1,451,329 shares of the stock traded hands, compared to its average volume of 883,130. The company has a 50-day simple moving average of $4.04 and a two-hundred day simple moving average of $5.28. SCHMID Group N.V. has a 12-month low of $2.32 and a 12-month high of $10.65.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SHMD. Engineers Gate Manager LP acquired a new position in SCHMID Group during the 2nd quarter worth $182,000. Integrated Wealth Concepts LLC acquired a new stake in SCHMID Group in the 2nd quarter valued at about $282,000. Citadel Advisors LLC purchased a new position in shares of SCHMID Group in the 2nd quarter valued at about $111,000. Finally, Corsair Capital Management L.P. purchased a new position in shares of SCHMID Group in the 1st quarter valued at about $148,000. 46.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of SCHMID Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About SCHMID Group

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.