Schmitt Industries, Inc. (SMIT) Releases Quarterly Earnings Results
Schmitt Industries, Inc. (NASDAQ:SMIT) released its quarterly earnings results on Friday. The scientific and technical instruments company reported ($0.14) earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $3.65 million for the quarter. Schmitt Industries had a negative net margin of 8.66% and a negative return on equity of 14.26%.
Schmitt Industries (NASDAQ:SMIT) opened at 1.84 on Monday. The stock’s market cap is $5.51 million. Schmitt Industries has a 12-month low of $1.37 and a 12-month high of $4.49. The firm’s 50-day moving average price is $1.76 and its 200 day moving average price is $1.67.
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About Schmitt Industries
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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