Schmitt Industries Inc. (SMIT) Releases Earnings Results
Schmitt Industries Inc. (NASDAQ:SMIT) posted its quarterly earnings data on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $2.90 million for the quarter, compared to the consensus estimate of $3.10 million. Schmitt Industries had a negative return on equity of 17.48% and a negative net margin of 12.96%.
Schmitt Industries (NASDAQ:SMIT) traded down 4.61% on Friday, hitting $1.45. The company had a trading volume of 64,799 shares. The company’s market capitalization is $4.34 million. The stock’s 50-day moving average price is $1.56 and its 200 day moving average price is $1.95. Schmitt Industries has a one year low of $1.37 and a one year high of $4.49.
About Schmitt Industries
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Schmitt Industries, Inc designs, manufactures and sells test and measurement products for two main business segments: the Balancer segment and the Measurement segment. The Company operates through two segments: the design and assembly of dynamic balancing systems and components for the machine tool industry (Balancer), and the design and assembly of laser-based test and measurement systems (Measurement).
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