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.

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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.

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Earnings History for Schmitt Industries (NASDAQ:SMIT)

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