SMTC CEO Acquires $24,030 in Stock (SMTX)
SMTC (NASDAQ:SMTX) CEO Sushil Dhiman bought 13,500 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $1.78 per share, with a total value of $24,030.00. Following the acquisition, the chief executive officer now directly owns 53,500 shares in the company, valued at approximately $95,230. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of SMTC (NASDAQ:SMTX) traded up 3.49% during mid-day trading on Tuesday, hitting $1.78. 39,739 shares of the company’s stock traded hands. SMTC has a 1-year low of $1.43 and a 1-year 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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