Shimmick (NASDAQ:SHIM – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02), FiscalAI reports. The business had revenue of $100.41 million for the quarter, compared to analysts’ expectations of $110.90 million.
Shimmick Price Performance
Shares of NASDAQ SHIM traded down $0.18 during mid-day trading on Thursday, reaching $2.80. 95,433 shares of the company’s stock were exchanged, compared to its average volume of 55,151. The firm has a 50-day moving average price of $3.67 and a two-hundred day moving average price of $3.01. The firm has a market capitalization of $100.28 million, a price-to-earnings ratio of -1.57 and a beta of 0.57. Shimmick has a 52 week low of $1.30 and a 52 week high of $4.47.
Analyst Upgrades and Downgrades
SHIM has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Shimmick in a research report on Monday, December 29th. Craig Hallum raised shares of Shimmick from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Monday, January 5th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.00.
About Shimmick
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. It serves federal, state, and local governments. The company was formerly known as SCCI National Holdings, Inc and changed its name to Shimmick Corporation in September 2023.
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