SMTC Corporation (SMTX) CEO Edward J. Smith Purchases 12,295 Shares

SMTC Corporation (NASDAQ:SMTX) CEO Edward J. Smith bought 12,295 shares of SMTC Corporation stock in a transaction dated Wednesday, June 14th. The stock was purchased at an average cost of $1.31 per share, for a total transaction of $16,106.45. Following the purchase, the chief executive officer now owns 50,000 shares of the company’s stock, valued at approximately $65,500. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of SMTC Corporation (NASDAQ SMTX) traded up 0.08% during midday trading on Friday, hitting $1.33. 7,504 shares of the stock traded hands. The stock’s market cap is $22.36 million. The company’s 50 day moving average price is $1.25 and its 200-day moving average price is $1.35. SMTC Corporation has a 12-month low of $1.10 and a 12-month high of $1.85.

SMTC Corporation (NASDAQ:SMTX) last announced its quarterly earnings results on Tuesday, May 16th. The technology company reported ($0.10) earnings per share for the quarter. The firm had revenue of $33.18 million for the quarter. SMTC Corporation had a negative net margin of 0.99% and a negative return on equity of 10.68%. On average, equities research analysts expect that SMTC Corporation will post $0.53 EPS for the current year.

Insider Buying and Selling by Quarter for SMTC Corporation (NASDAQ:SMTX)

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Separately, TheStreet downgraded shares of SMTC Corporation from a “c” rating to a “d+” rating in a research note on Thursday, March 9th.

SMTC Corporation Company Profile

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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