Schmitt Industries (SMIT) Issues Quarterly Earnings Results

Schmitt Industries (NASDAQ:SMIT) announced its earnings results on Thursday. The scientific and technical instruments company reported ($0.06) earnings per share for the quarter, Bloomberg Earnings reports. Schmitt Industries had a net margin of 0.93% and a return on equity of 1.51%.

Schmitt Industries stock traded up $0.08 during mid-day trading on Friday, hitting $2.80. 1,600 shares of the company’s stock traded hands, compared to its average volume of 7,194. Schmitt Industries has a one year low of $1.91 and a one year high of $4.12. The company has a market capitalization of $11.70 million, a P/E ratio of 73.25 and a beta of 0.75.

TRADEMARK VIOLATION NOTICE: “Schmitt Industries (SMIT) Issues Quarterly Earnings Results” was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at

Schmitt Industries Company Profile

Schmitt Industries, Inc, together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company's Balancer segment offers computer-controlled vibration detection, balancing, and process control systems. Its products comprise Schmitt Dynamic Balance System, which consists of a vibration sensor, a computer control unit, and a balance head; SB-5500, an optional acoustic emission monitoring system (AEMS) control card to monitor the AE signals generated on the grinding machine; process control cards to provide enhanced control of the grinding process; SB-2000, a compact manual balancing system; and AE-1000, an AE control platform, which reduces air machine grinding time.

Featured Article: Net Asset Value

Earnings History for Schmitt Industries (NASDAQ:SMIT)

Receive News & Ratings for Schmitt Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schmitt Industries and related companies with's FREE daily email newsletter.

Leave a Reply