Somewhat Positive Press Coverage Somewhat Unlikely to Affect Schmitt Industries (SMIT) Stock Price

News articles about Schmitt Industries (NASDAQ:SMIT) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Schmitt Industries earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the scientific and technical instruments company an impact score of 45.3951798614656 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of research firms recently weighed in on SMIT. TheStreet upgraded shares of Schmitt Industries from a “d+” rating to a “c-” rating in a report on Monday, December 11th. ValuEngine upgraded shares of Schmitt Industries from a “hold” rating to a “buy” rating in a report on Thursday, November 30th.

Shares of Schmitt Industries (NASDAQ:SMIT) traded down $0.05 during trading hours on Tuesday, reaching $2.69. 168,695 shares of the company traded hands, compared to its average volume of 729,000. Schmitt Industries has a one year low of $1.48 and a one year high of $4.47. The company has a market cap of $7.91, a P/E ratio of -13.45 and a beta of 0.58.

Schmitt Industries (NASDAQ:SMIT) last issued its quarterly earnings results on Wednesday, December 13th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter. Schmitt Industries had a negative net margin of 4.35% and a negative return on equity of 8.47%. The business had revenue of $3.77 million for the quarter.

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Schmitt Industries Company Profile

Schmitt Industries, Inc designs, manufactures and sells test and measurement products for two main business segments: the Balancer segment and the Measurement segment. The Company operates through two segments: the design and assembly of dynamic balancing systems and components for the machine tool industry (Balancer), and the design and assembly of laser-based test and measurement systems (Measurement).

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