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SMTC (NASDAQ:SMTX) CEO Sushil Dhiman purchased 4,800 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average price of $1.61 per share, for a total transaction of $7,728.00. Following the completion of the acquisition, the chief executive officer now directly owns 5,800 shares in the company, valued at approximately $9,338. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of SMTC (NASDAQ:SMTX) traded up 6.37% on Wednesday, hitting $1.67. The stock had a trading volume of 100,405 shares. SMTC has a one year low of $1.43 and a one year high of $2.66. The stock’s 50-day moving average is $1. and its 200-day moving average is $2.09. The company’s market cap is $27.4 million.

SMTC (NASDAQ:SMTX) last released its earnings data on Friday, May 2nd. The company reported ($0.07) EPS for the quarter. The company had revenue of $58.00 million for the quarter, compared to the consensus estimate of $65.45 million.

SMTC Corporation (NASDAQ:SMTX) is a provider of electronics manufacturing services (EMS), including product design and sustaining engineering services, printed circuit board assembly (PCBA), production, enclosure fabrication, systems integration and testing services, configuration to order and end customer fulfillment.

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