Key Points
- CFO Arthur Josef Hermann Schuetz sold 11,394 SCHMID Group shares at an average price of $4.51, totaling $51,386.94. The sale covered tax withholding obligations tied to vested equity awards and reduced his direct holdings by 21.29% to 42,118 shares.
- SCHMID shares opened at $4.45, compared with a 12-month range of $2.32 to $10.65. The company reported a quarterly loss of $0.48 per share on revenue of $26.25 million.
- Wall Street Zen upgraded the stock from “sell” to “hold,” but SCHMID still carries an overall “Sell” rating based on MarketBeat data. Institutional investors own approximately 46.03% of the company.
SCHMID Group N.V. (NASDAQ:SHMD - Get Free Report) CFO Arthur Josef Hermann Schuetz sold 11,394 shares of the firm's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $4.51, for a total value of $51,386.94. Following the transaction, the chief financial officer directly owned 42,118 shares of the company's stock, valued at $189,952.18. This represents a 21.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
SCHMID Group Stock Performance
Shares of SHMD stock opened at $4.45 on Friday. SCHMID Group N.V. has a 12 month low of $2.32 and a 12 month high of $10.65. The company's fifty day moving average price is $4.04 and its 200-day moving average price is $5.27.
SCHMID Group (NASDAQ:SHMD - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $26.25 million for the quarter.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of SCHMID Group from a "sell" rating to a "hold" rating in a report on Saturday, September 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SCHMID Group currently has an average rating of "Sell".
View Our Latest Stock Report on SHMD
Institutional Investors Weigh In On SCHMID Group
Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in SCHMID Group in the 2nd quarter valued at approximately $282,000. Engineers Gate Manager LP bought a new stake in shares of SCHMID Group in the 2nd quarter worth $182,000. Corsair Capital Management L.P. purchased a new position in shares of SCHMID Group in the first quarter worth $148,000. Finally, Citadel Advisors LLC purchased a new position in shares of SCHMID Group in the second quarter worth $111,000. Institutional investors own 46.03% of the company's stock.
About SCHMID Group
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
