Insider Buying: SMTC major shareholder Purchases 25,396 Shares of Stock (SMTX)
SMTC (NASDAQ:SMTX) major shareholder Red Oak Partners, Llc purchased 25,396 shares of SMTC stock on the open market in a transaction dated Tuesday, August 26th. The shares were purchased at an average cost of $1.75 per share, for a total transaction of $44,443.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
SMTC (NASDAQ:SMTX) traded up 0.56% during mid-day trading on Wednesday, hitting $1.78. The stock had a trading volume of 13,829 shares. SMTC has a one year low of $1.43 and a one year high of $2.66. The stock has a 50-day moving average of $1. and a 200-day moving average of $1.87. 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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