Schmitt Industries Inc. (NASDAQ:SMIT) released its quarterly earnings data on Friday. The company reported ($0.04) earnings per share for the quarter. Schmitt Industries had a negative return on equity of 17.12% and a negative net margin of 12.60%. The firm earned $2.90 million during the quarter.
Schmitt Industries (NASDAQ:SMIT) opened at 1.58 on Tuesday. Schmitt Industries has a 1-year low of $1.37 and a 1-year high of $4.49. The firm’s market cap is $4.73 million. The firm’s 50-day moving average is $1.55 and its 200 day moving average is $1.93.
About Schmitt Industries
Schmitt Industries, Inc designs, manufactures and sells test and measurement products for two main business segments: the Balancer segment and the Measurement segment. The Company operates through two segments: the design and assembly of dynamic balancing systems and components for the machine tool industry (Balancer), and the design and assembly of laser-based test and measurement systems (Measurement).
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