Schmitt Industries (NASDAQ:SMIT) Lifted to “Hold” at ValuEngine

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ValuEngine upgraded shares of Schmitt Industries (NASDAQ:SMIT) from a sell rating to a hold rating in a research note released on Friday, ValuEngine reports.

Shares of SMIT stock opened at $3.66 on Friday. The stock has a market capitalization of $15.05 million, a PE ratio of 52.43 and a beta of 0.66. Schmitt Industries has a 52-week low of $1.87 and a 52-week high of $3.70. The stock’s 50-day moving average price is $3.31 and its 200 day moving average price is $2.45. The company has a quick ratio of 3.06, a current ratio of 7.09 and a debt-to-equity ratio of 0.01.

Schmitt Industries (NASDAQ:SMIT) last issued its quarterly earnings results on Tuesday, October 8th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $3.34 million for the quarter. Schmitt Industries had a positive return on equity of 3.20% and a negative net margin of 5.29%.

Schmitt Industries Company Profile

Schmitt Industries, Inc, together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company's Balancer segment offers computer-controlled vibration detection, balancing, and process control systems. Its products comprise Schmitt Dynamic Balance System, which consists of a vibration sensor, a computer control unit, and a balance head; SB-5500, an optional acoustic emission monitoring system (AEMS) control card to monitor the AE signals generated on the grinding machine; process control cards to provide enhanced control of the grinding process; SB-2000, a compact manual balancing system; and AE-1000, an AE control platform, which reduces air machine grinding time.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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