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How to buy Schmitt Industries stock | $5.73

Own Schmitt Industries stock in just a few minutes.

Fact checked

Schmitt Industries, Inc is a scientific & technical instruments business based in the US. Schmitt Industries shares (SMIT) are listed on the NASDAQ and all prices are listed in US Dollars. Schmitt Industries employs 18 staff and has a trailing 12-month revenue of around USD$4.6 million.

How to buy shares in Schmitt Industries

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Schmitt Industries. Find the stock by name or ticker symbol: SMIT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Schmitt Industries reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$5.73, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Schmitt Industries, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Schmitt Industries. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Schmitt Industries share price

Use our graph to track the performance of SMIT stocks over time.

Schmitt Industries shares at a glance

Information last updated 2020-12-09.
Latest market closeUSD$5.73
52-week rangeUSD$2.1201 - USD$6.07
50-day moving average USD$5.4231
200-day moving average USD$4.5561
Wall St. target priceN/A
PE ratio 6.0222
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.993

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Schmitt Industries stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Schmitt Industries price performance over time

Historical closes compared with the close of $5.73 from 2020-12-09

1 week (2021-01-09) N/A
1 month (2020-12-16) N/A
3 months (2020-10-16) N/A
6 months (2020-07-16) N/A
1 year (2020-01-16) N/A
2 years (2019-01-16) N/A
3 years (2018-01-16) N/A
5 years (2016-01-16) N/A

Is Schmitt Industries under- or over-valued?

Valuing Schmitt Industries stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Schmitt Industries's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Schmitt Industries's P/E ratio

Schmitt Industries's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Schmitt Industries shares trade at around 6x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Schmitt Industries's EBITDA

Schmitt Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$217,052.

The EBITDA is a measure of a Schmitt Industries's overall financial performance and is widely used to measure a its profitability.

Schmitt Industries financials

Revenue TTM USD$4.6 million
Gross profit TTM USD$2 million
Return on assets TTM -11.52%
Return on equity TTM -14.31%
Profit margin 83.9%
Book value $3.196
Market capitalisation USD$22.4 million

TTM: trailing 12 months

Shorting Schmitt Industries shares

There are currently 20,287 Schmitt Industries shares held short by investors – that's known as Schmitt Industries's "short interest". This figure is 6.4% down from 21,671 last month.

There are a few different ways that this level of interest in shorting Schmitt Industries shares can be evaluated.

Schmitt Industries's "short interest ratio" (SIR)

Schmitt Industries's "short interest ratio" (SIR) is the quantity of Schmitt Industries shares currently shorted divided by the average quantity of Schmitt Industries shares traded daily (recently around 8820.4347826087). Schmitt Industries's SIR currently stands at 2.3. In other words for every 100,000 Schmitt Industries shares traded daily on the market, roughly 2300 shares are currently held short.

However Schmitt Industries's short interest can also be evaluated against the total number of Schmitt Industries shares, or, against the total number of tradable Schmitt Industries shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Schmitt Industries's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Schmitt Industries shares in existence, roughly 10 shares are currently held short) or 0.0082% of the tradable shares (for every 100,000 tradable Schmitt Industries shares, roughly 8 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Schmitt Industries.

Find out more about how you can short Schmitt Industries stock.

Schmitt Industries share dividends

We're not expecting Schmitt Industries to pay a dividend over the next 12 months.

Have Schmitt Industries's shares ever split?

Schmitt Industries's shares were split on a 1:3 basis on 31 December 2002. So if you had owned 3 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Schmitt Industries shares – just the quantity. However, indirectly, the new 200% higher share price could have impacted the market appetite for Schmitt Industries shares which in turn could have impacted Schmitt Industries's share price.

Schmitt Industries share price volatility

Over the last 12 months, Schmitt Industries's shares have ranged in value from as little as $2.1201 up to $6.07. A popular way to gauge a stock's volatility is its "beta".

SMIT.US volatility(beta: 0.96)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Schmitt Industries's is 0.957. This would suggest that Schmitt Industries's shares are less volatile than average (for this exchange).

Schmitt Industries overview

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 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 under the Schmitt Dynamic Balance System brand name. This segment sells its products to end user operators, as well as manufacturers of grinding machines for automotive, industrial, aerospace, and medical industries through independent manufacturers' representatives and distributors. Its Measurement segment provides laser and confocal chromatic white light sensors for distance, measurement, and dimensional sizing products under the Acuity brand name for various application, including manufacturing, lumber production, steel casting, glass and paper production, medical imaging, crane control and micron-level part, and surface inspection; and ultrasonic measurement products that measure the levels of liquid tanks and transmit that data through satellite to a secure Website for display, as well as remote tank monitoring products under the Xact brand name. Schmitt Industries, Inc. was founded in 1984 and is based in Portland, Oregon.

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