Shimmick (NASDAQ:SHIM) Posts Quarterly Earnings Results, Misses Estimates By $0.62 EPS

Shimmick (NASDAQ:SHIM) issued its quarterly earnings data on Thursday. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.62), RTT News reports. The business had revenue of $103.55 million for the quarter, compared to the consensus estimate of $118.90 million. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. During the same period in the previous year, the business posted ($0.59) EPS.

Shimmick Stock Down 4.4 %

Shares of NASDAQ SHIM traded down $0.08 during mid-day trading on Friday, reaching $1.63. 34,237 shares of the company’s stock were exchanged, compared to its average volume of 411,927. The firm has a market capitalization of $54.92 million, a price-to-earnings ratio of -0.41 and a beta of 0.59. Shimmick has a twelve month low of $1.47 and a twelve month high of $7.99. The business has a fifty day simple moving average of $2.30 and a 200 day simple moving average of $2.44. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60.

About Shimmick

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.