SMTC (SMTX) Getting Somewhat Favorable Press Coverage, Study Finds

News coverage about SMTC (NASDAQ:SMTX) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SMTC earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.0208132707702 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

• SMTC Corporation’s (SMTX) CEO Eddie Smith on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
• Edited Transcript of SMTX earnings conference call or presentation 3-Aug-17 12:00pm GMT (finance.yahoo.com)
• BRIEF-SMTC Q2 loss per share $‍0.36 (SMTX) (markets.businessinsider.com)
• SMTC Reports Second Quarter Fiscal Year 2017 Results (finance.yahoo.com)

SMTC (NASDAQ SMTX) opened at 1.24 on Tuesday. The stock has a 50 day moving average of $1.27 and a 200 day moving average of $1.31. The firm’s market cap is $20.85 million. SMTC has a one year low of $1.10 and a one year high of $1.68.

SMTC (NASDAQ:SMTX) last posted its quarterly earnings data on Tuesday, May 16th. The technology company reported ($0.10) earnings per share for the quarter. SMTC had a negative return on equity of 5.73% and a negative net margin of 1.14%. The firm had revenue of $33.18 million for the quarter. Equities research analysts predict that SMTC will post $0.53 EPS for the current fiscal year.

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In other SMTC news, Director Clarke H. Bailey acquired 21,275 shares of SMTC stock in a transaction dated Friday, June 23rd. The stock was purchased at an average cost of $1.30 per share, for a total transaction of $27,657.50. Following the completion of the acquisition, the director now directly owns 175,202 shares of the company’s stock, valued at $227,762.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Red Oak Partners, Llc acquired 31,450 shares of SMTC stock in a transaction dated Thursday, June 29th. The shares were acquired at an average price of $1.29 per share, with a total value of $40,570.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 230,036 shares of company stock valued at $291,078. 23.00% of the stock is currently owned by corporate insiders.

SMTC Company Profile

SMTC Corporation (SMTC) is a provider of electronics manufacturing services (EMS). The Company’s manufacturing services include product design and sustaining engineering services, printed circuit board assembly (PCBA), production, enclosure fabrication, systems integration and testing services, configuration to order, build to order and direct order fulfillment.