SMTC (SMTX) Downgraded to D+ at TheStreet

TheStreet cut shares of SMTC (NASDAQ:SMTX) from a c rating to a d+ rating in a report published on Wednesday, TheStreetRatingsTable reports.

Other equities analysts also recently issued research reports about the stock. ValuEngine upgraded shares of SMTC from a hold rating to a buy rating in a report on Wednesday, February 20th. Zacks Investment Research downgraded shares of SMTC from a hold rating to a sell rating in a report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $7.50.

Shares of NASDAQ:SMTX opened at $3.61 on Wednesday. SMTC has a twelve month low of $2.30 and a twelve month high of $5.98. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.82 and a current ratio of 1.27. The company has a market capitalization of $83.61 million, a P/E ratio of 60.17 and a beta of 0.36.

SMTC (NASDAQ:SMTX) last issued its quarterly earnings results on Thursday, March 14th. The technology company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). SMTC had a return on equity of 1.73% and a net margin of 0.27%. The business had revenue of $80.86 million during the quarter, compared to analyst estimates of $73.70 million. On average, analysts forecast that SMTC will post 0.07 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in shares of SMTC by 7.2% during the 1st quarter. Renaissance Technologies LLC now owns 455,210 shares of the technology company’s stock worth $1,721,000 after purchasing an additional 30,400 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of SMTC by 72.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 246,981 shares of the technology company’s stock worth $934,000 after purchasing an additional 103,450 shares during the period. BlackRock Inc. grew its stake in shares of SMTC by 38.5% during the 3rd quarter. BlackRock Inc. now owns 57,049 shares of the technology company’s stock worth $165,000 after purchasing an additional 15,871 shares during the period. Sigma Planning Corp acquired a new stake in shares of SMTC during the 1st quarter worth approximately $91,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of SMTC during the 1st quarter worth approximately $91,000. 14.74% of the stock is currently owned by institutional investors and hedge funds.

SMTC Company Profile

SMTC Corporation provides electronics manufacturing services worldwide. The company offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services.

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