Insider Buying: SMTC CEO Buys 6,500 Shares of Stock (SMTX)
SMTC (NASDAQ:SMTX) CEO Sushil Dhiman purchased 6,500 shares of the stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average cost of $1.81 per share, for a total transaction of $11,765.00. Following the completion of the acquisition, the chief executive officer now directly owns 60,000 shares in the company, valued at approximately $108,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
SMTC (NASDAQ:SMTX) opened at 1.90 on Monday. 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 $1.84 and a 200-day moving average of $1.87. The company’s market cap is $31.2 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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