SMTC Co. (NASDAQ:SMTX) – Equities researchers at B. Riley lowered their Q3 2019 earnings per share (EPS) estimates for shares of SMTC in a research report issued on Friday, August 9th. B. Riley analyst M. Crawford now anticipates that the technology company will earn $0.02 per share for the quarter, down from their prior forecast of $0.03.

Several other research analysts have also commented on the company. Zacks Investment Research raised SMTC from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine lowered SMTC from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, TheStreet raised SMTC from a “d+” rating to a “c-” rating in a research report on Monday, July 15th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. SMTC presently has a consensus rating of “Buy” and an average price target of $7.50.

NASDAQ:SMTX opened at $3.49 on Monday. The firm has a 50-day moving average of $3.81. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 1.95. SMTC has a 12 month low of $2.41 and a 12 month high of $5.98. The stock has a market capitalization of $97.76 million, a price-to-earnings ratio of 58.17 and a beta of 0.64.

SMTC (NASDAQ:SMTX) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. SMTC had a positive return on equity of 5.27% and a negative net margin of 0.49%. The company had revenue of $90.94 million for the quarter, compared to analyst estimates of $98.75 million.

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of SMTC by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 143,531 shares of the technology company’s stock valued at $586,000 after acquiring an additional 3,979 shares in the last quarter. Ridgewood Investments LLC grew its stake in shares of SMTC by 39.1% during the second quarter. Ridgewood Investments LLC now owns 20,307 shares of the technology company’s stock valued at $78,000 after acquiring an additional 5,707 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of SMTC during the second quarter valued at about $86,000. Finally, Sigma Planning Corp acquired a new stake in shares of SMTC during the first quarter valued at about $91,000. Institutional investors own 12.98% of the company’s stock.

About SMTC

SMTC Corporation provides electronics manufacturing services worldwide. The company offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services.

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Earnings History and Estimates for SMTC (NASDAQ:SMTX)

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