SCHMID Group (NASDAQ:SHMD) CFO Sells $51,386.94 in Stock

SCHMID Group N.V. (NASDAQ:SHMD) CFO Arthur Josef Hermann Schuetz sold 11,394 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $4.51, for a total value of $51,386.94. Following the completion of the sale, the chief financial officer directly owned 42,118 shares in the company, valued at $189,952.18. This represents a 21.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SCHMID Group Trading Up 2.7%

Shares of SHMD opened at $4.57 on Friday. SCHMID Group N.V. has a 1 year low of $2.32 and a 1 year high of $10.65. The stock has a 50-day simple moving average of $4.05 and a 200-day simple moving average of $5.26.

SCHMID Group (NASDAQ:SHMD) last issued its earnings results on Friday, August 14th. The company reported ($0.48) earnings per share for the quarter. The company had revenue of $26.25 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in SCHMID Group in the second quarter valued at $282,000. Engineers Gate Manager LP acquired a new stake in shares of SCHMID Group during the second quarter worth about $182,000. Corsair Capital Management L.P. acquired a new stake in shares of SCHMID Group during the first quarter worth about $148,000. Finally, Citadel Advisors LLC purchased a new stake in shares of SCHMID Group in the 2nd quarter valued at about $111,000. Institutional investors and hedge funds own 46.03% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised SCHMID Group from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SCHMID Group presently has a consensus rating of “Sell”.

SCHMID Group Company Profile

SCHMID Group N.V. is a Germany-based technology company that develops and manufactures equipment, production systems and process solutions for high-tech industries. Its activities are focused primarily on electronics manufacturing, including printed circuit boards and related applications, as well as clean-energy and advanced-materials markets.

The company’s product portfolio includes systems for wet-chemical processing, surface treatment, coating, laser processing, automation and other specialized manufacturing steps.