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.
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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