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 https://www.themarketsdaily.com/2019/01/11/schmitt-industries-smit-issues-quarterly-earnings-results.html.
Schmitt Industries Company Profile
Featured Article: Net Asset Value
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 MarketBeat.com's FREE daily email newsletter.