Shimmick (NASDAQ:SHIM) Trading Up 36%

Shimmick Co. (NASDAQ:SHIM)’s stock price traded up 36% during trading on Thursday . The company traded as high as $4.12 and last traded at $4.08. 946,277 shares traded hands during trading, an increase of 1,338% from the average session volume of 65,784 shares. The stock had previously closed at $3.00.

Analysts Set New Price Targets

Separately, Roth Mkm lowered their price target on shares of Shimmick from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, April 1st.

Shimmick Trading Down 1.2 %

The business’s fifty day simple moving average is $5.31. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.63.

Shimmick (NASDAQ:SHIM) last issued its quarterly earnings data on Thursday, March 28th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.51). The business had revenue of $138.06 million for the quarter, compared to analyst estimates of $159.50 million. On average, equities analysts anticipate that Shimmick Co. will post -0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Skylands Capital LLC purchased a new stake in shares of Shimmick in the 4th quarter worth about $300,000. 1492 Capital Management LLC purchased a new stake in Shimmick during the 4th quarter valued at about $1,997,000. Pacific Ridge Capital Partners LLC purchased a new stake in Shimmick during the 4th quarter valued at about $2,580,000. BNP Paribas Asset Management Holding S.A. bought a new position in Shimmick during the 4th quarter valued at about $2,885,000. Finally, Sanders Morris Harris LLC bought a new position in Shimmick during the 1st quarter valued at about $3,243,000. 6.94% of the stock is owned by hedge funds and other institutional investors.

Shimmick Company Profile

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.