SMTC Corporation (SMTX) Hit 52-Week High

May 17, 2018 - By Harriett Tippett

SMTC Corporation (NASDAQ:SMTX) Logo

Investors sentiment increased to 3 in 2017 Q4. Its up 2.80, from 0.2 in 2017Q3. It increased, as 1 investors sold SMTC Corporation shares while 1 reduced holdings. 5 funds opened positions while 1 raised stakes. 2.90 million shares or 40.44% more from 2.07 million shares in 2017Q3 were reported.
California Employees Retirement accumulated 25,860 shares. 19,100 are owned by Deutsche State Bank Ag. Moreover, Gilman Hill Asset Mgmt Lc has 0.01% invested in SMTC Corporation (NASDAQ:SMTX). Ingalls Snyder Lc holds 10,000 shares or 0% of its portfolio. Renaissance Technology Lc stated it has 0% of its portfolio in SMTC Corporation (NASDAQ:SMTX). Fisher Asset Mgmt Limited Liability Com invested in 10,000 shares. Bridgeway Capital Management holds 0% of its portfolio in SMTC Corporation (NASDAQ:SMTX) for 170,000 shares. Dimensional Fund L P invested in 90,167 shares. Acadian Asset Mgmt Limited Liability Company has invested 0% in SMTC Corporation (NASDAQ:SMTX). Mill Road Limited Liability Corporation reported 1.42% in SMTC Corporation (NASDAQ:SMTX). Tower Cap Ltd (Trc), a New York-based fund reported 3,023 shares. Wynnefield Cap Inc holds 0.94% or 1.43 million shares in its portfolio. Citadel holds 11,393 shares or 0% of its portfolio. Td Asset owns 0% invested in SMTC Corporation (NASDAQ:SMTX) for 50,535 shares. Wells Fargo Communication Mn owns 2,000 shares.

Since December 11, 2017, it had 3 insider purchases, and 0 sales for $196,513 activity. 58,200 shares were bought by Waterfield John Randall, worth $95,448 on Tuesday, December 12.

The stock of SMTC Corporation (NASDAQ:SMTX) hit a new 52-week high and has $2.85 target or 6.00 % above today’s $2.69 share price. The 6 months bullish chart indicates low risk for the $45.98M company. The 1-year high was reported on May, 17 by Barchart.com. If the $2.85 price target is reached, the company will be worth $2.76 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 5.61% or $0.16 during the last trading session, reaching $2.69. About 123,854 shares traded or 268.08% up from the average. SMTC Corporation (NASDAQ:SMTX) has risen 67.41% since May 17, 2017 and is uptrending. It has outperformed by 55.86% the S&P500.

More notable recent SMTC Corporation (NASDAQ:SMTX) news were published by: Globenewswire.com which released: “SMTC Corporation Reports First Quarter 2018 Results” on May 07, 2018, also Seekingalpha.com with their article: “SMTC: Unprofitable Plus Capital Intensive Doesn’t Equal Turnaround” published on April 30, 2018, Seekingalpha.com published: “SMTC Corp’s (SMTX) CEO Edward Smith on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018. More interesting news about SMTC Corporation (NASDAQ:SMTX) were released by: Nasdaq.com and their article: “SMTC Appoints Phil Wehrli Senior Vice President Global Planning and Supply Chain” published on April 30, 2018 as well as Nasdaq.com‘s news article titled: “SMTC to Participate in B. Riley FBR’s 19th Annual Institutional Investor Conference on May 24” with publication date: May 08, 2018.

SMTC Corporation provides electronics manufacturing services worldwide. The company has market cap of $45.98 million. The firm 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; configuration to order; build to order; and direct order fulfillment services. It currently has negative earnings. It provides integrated contract manufacturing services to original equipment manufacturers and technology companies primarily in the industrial, networking and communications, power and energy, and medical market sectors.

SMTC Corporation (NASDAQ:SMTX) Institutional Positions Chart

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