Insider Buying: Sushil Dhiman Acquires 13,500 Shares of SMTC Stock (SMTX)
SMTC (NASDAQ:SMTX) CEO Sushil Dhiman purchased 13,500 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The stock was purchased at an average cost of $1.78 per share, with a total value of $24,030.00. Following the purchase, the chief executive officer now directly owns 53,500 shares of the company’s stock, valued at approximately $95,230. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Shares of SMTC (NASDAQ:SMTX) traded up 3.49% on Tuesday, hitting $1.78. 39,739 shares of the company’s stock traded hands. SMTC has a 52-week low of $1.43 and a 52-week high of $2.66. The stock has a 50-day moving average of $1.86 and a 200-day moving average of $1.89. The company’s market cap is $29.2 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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