SCHMID Group (NASDAQ:SHMD) Stock Price Up 2.4% – What’s Next?

SCHMID Group N.V. (NASDAQ:SHMD) shares rose 2.4% during trading on Thursday . The stock traded as high as $9.22 and last traded at $8.69. Approximately 844,305 shares changed hands during mid-day trading, an increase of 85% from the average daily volume of 455,376 shares. The stock had previously closed at $8.49.

Analyst Ratings Changes

A number of research firms recently weighed in on SHMD. Wall Street Zen raised SCHMID Group to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of SCHMID Group in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

SCHMID Group Trading Up 2.4%

The firm’s 50-day moving average price is $5.83 and its 200 day moving average price is $4.06.

Institutional Trading of SCHMID Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of SCHMID Group by 38.8% during the second quarter. Envestnet Asset Management Inc. now owns 166,573 shares of the company’s stock valued at $461,000 after buying an additional 46,573 shares during the last quarter. Magnetar Financial LLC purchased a new stake in SCHMID Group in the 2nd quarter valued at $135,000. FNY Investment Advisers LLC bought a new position in SCHMID Group during the 4th quarter valued at $31,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in SCHMID Group during the 3rd quarter worth $40,000. Finally, Sculptor Capital LP purchased a new position in SCHMID Group during the 2nd quarter worth $587,000. 46.03% of the stock is owned by hedge funds and other institutional investors.

About SCHMID Group

Schmid Group AG is a global engineering and manufacturing company specializing in flexible packaging and barrier coating technologies for a range of industries. The company’s core offerings include turnkey coating, metallization and extrusion lamination lines designed to enhance the functional performance of films and substrates used in food, pharmaceutical and medical packaging applications. Schmid Group’s expertise also encompasses process engineering, product development and on-site support services, enabling clients to optimize production efficiency and sustainability in high-volume manufacturing environments.

In addition to its barrier technologies, Schmid Group provides modular solutions for thin-film coating, printing, slitting and winding, as well as machinery for flat glass finishing such as washing, sanding and patterning.