Insider Buying: SMTC Corporation (SMTX) COO Purchases 10,000 Shares of Stock
SMTC Corporation (NASDAQ:SMTX) COO Richard E. Fitzgerald bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $1.30 per share, for a total transaction of $13,000.00. Following the transaction, the chief operating officer now directly owns 19,249 shares in the company, valued at $25,023.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
SMTC Corporation (SMTX) traded up 2.33% on Thursday, reaching $1.32. 11,712 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $1.26 and its 200 day moving average price is $1.30. SMTC Corporation has a 12 month low of $1.10 and a 12 month high of $1.68. The company’s market cap is $22.21 million.
SMTC Corporation (NASDAQ:SMTX) last announced its earnings results on Tuesday, May 16th. The technology company reported ($0.10) EPS for the quarter. SMTC Corporation had a negative net margin of 4.70% and a negative return on equity of 25.34%. The business had revenue of $33.18 million for the quarter. On average, equities analysts expect that SMTC Corporation will post $0.53 EPS for the current fiscal year.
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About SMTC Corporation
SMTC Corporation (SMTC) is a provider of electronics manufacturing services (EMS). The Company’s manufacturing services include product design and sustaining engineering services, printed circuit board assembly (PCBA), production, enclosure fabrication, systems integration and testing services, configuration to order, build to order and direct order fulfillment.
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