Schmitt Industries (NASDAQ:SMIT) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Schmitt Industries, Inc. (NASDAQ:SMIT) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.02 and traded as low as $0.0150. Schmitt Industries shares last traded at $0.02, with a volume of 81,400 shares traded.

Schmitt Industries Stock Performance

The company’s 50-day moving average is $0.02 and its 200 day moving average is $0.02.

About Schmitt Industries

Schmitt Industries, Inc is a publicly traded company on the Nasdaq under the symbol SMIT that specializes in the design, manufacture and distribution of electronic control and monitoring systems for industrial, municipal and commercial markets. Headquartered in Tampa, Florida, the company operates through three primary business segments: telemetry, refrigeration controls and industrial controls. Its product offerings are engineered to enhance operational efficiency, reliability and data visibility across a diverse set of applications.

In its telemetry segment, Schmitt Industries provides remote monitoring and control solutions for water and wastewater pumping stations, oil and gas pipelines and other critical infrastructure.