SCHMID Group (NASDAQ:SHMD) Director Anette Schmid Buys 69,000 Shares of Stock

SCHMID Group N.V. (NASDAQ:SHMD) Director Anette Schmid acquired 69,000 shares of the firm’s stock in a transaction that occurred on Sunday, August 30th. The stock was bought at an average price of $3.16 per share, for a total transaction of $218,040.00. Following the completion of the transaction, the director owned 13,749,589 shares of the company’s stock, valued at $43,448,701.24. The trade was a 0.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

SCHMID Group Trading Up 2.7%

Shares of SCHMID Group stock opened at $3.09 on Tuesday. SCHMID Group N.V. has a 1 year low of $2.00 and a 1 year high of $10.65. The company has a 50 day simple moving average of $4.72 and a two-hundred day simple moving average of $5.85.

SCHMID Group (NASDAQ:SHMD) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.46) EPS for the quarter. The firm had revenue of $26.25 million for the quarter.

Hedge Funds Weigh In On SCHMID Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in SCHMID Group in the third quarter valued at approximately $40,000. Jane Street Group LLC bought a new position in shares of SCHMID Group in the fourth quarter worth approximately $106,000. HRT Financial LP bought a new position in shares of SCHMID Group in the fourth quarter worth approximately $130,000. XTX Topco Ltd purchased a new position in shares of SCHMID Group in the fourth quarter worth $137,000. Finally, Geode Capital Management LLC purchased a new position in shares of SCHMID Group in the fourth quarter worth $156,000. 46.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded SCHMID Group from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.