Shimmick (NASDAQ:SHIM) PT Lowered to $3.00

Shimmick (NASDAQ:SHIM) had its price objective decreased by Roth Mkm from $3.50 to $3.00 in a research report released on Monday, Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Craig Hallum downgraded shares of Shimmick from a buy rating to a hold rating and cut their target price for the stock from $10.00 to $4.00 in a research report on Tuesday, May 14th. Roth Capital cut Shimmick from a strong-buy rating to a hold rating in a research report on Tuesday, May 14th.

Shimmick Price Performance

Shares of SHIM opened at $3.08 on Monday. The business’s fifty day simple moving average is $2.59 and its two-hundred day simple moving average is $3.75. Shimmick has a 12 month low of $1.47 and a 12 month high of $7.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.22.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Perritt Capital Management Inc boosted its stake in Shimmick by 140.7% in the 2nd quarter. Perritt Capital Management Inc now owns 36,100 shares of the company’s stock worth $56,000 after purchasing an additional 21,100 shares during the period. Skylands Capital LLC bought a new position in shares of Shimmick during the 4th quarter valued at approximately $300,000. Sanders Morris Harris LLC increased its holdings in shares of Shimmick by 8.3% in the 2nd quarter. Sanders Morris Harris LLC now owns 609,892 shares of the company’s stock worth $945,000 after buying an additional 46,788 shares during the last quarter. 1492 Capital Management LLC purchased a new stake in shares of Shimmick in the fourth quarter valued at $1,997,000. Finally, Pacific Ridge Capital Partners LLC purchased a new position in Shimmick during the 4th quarter valued at $2,580,000. Hedge funds and other institutional investors own 6.94% of the company’s stock.

Shimmick Company Profile

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.