SCHMID Group (NASDAQ:SHMD) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of SCHMID Group (NASDAQ:SHMD) from a hold rating to a sell rating in a report published on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SCHMID Group in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, SCHMID Group presently has an average rating of “Sell”.

SCHMID Group Stock Down 9.8%

NASDAQ SHMD opened at $5.95 on Friday. SCHMID Group has a 52 week low of $2.00 and a 52 week high of $10.65. The stock’s 50-day moving average price is $7.74 and its 200-day moving average price is $5.66.

SCHMID Group (NASDAQ:SHMD) last announced its quarterly earnings data on Friday, February 13th. The company reported ($1.02) earnings per share (EPS) for the quarter. The company had revenue of $15.71 million during the quarter.

Hedge Funds Weigh In On SCHMID Group

Several large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new position in shares of SCHMID Group in the fourth quarter worth about $31,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in SCHMID Group during the 3rd quarter valued at approximately $40,000. Jane Street Group LLC purchased a new position in SCHMID Group in the 4th quarter worth approximately $106,000. HRT Financial LP bought a new position in SCHMID Group in the 4th quarter worth approximately $130,000. Finally, XTX Topco Ltd bought a new position in SCHMID Group in the 4th quarter worth approximately $137,000. 46.03% of the stock is currently owned by hedge funds and other institutional investors.

SCHMID Group Company Profile

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.