What Can We Expect From SMTC Corp (SMTX) After B. Riley FBR’s Latest Coverage?

SMTC Corporation (NASDAQ:SMTX) Logo

Investors sentiment increased to 2 in 2018 Q3. Its up 1.12, from 0.88 in 2018Q2. It is positive, as 4 investors sold SMTC Corporation shares while 1 reduced holdings. 2 funds opened positions while 8 raised stakes. 3.36 million shares or 25.77% more from 2.67 million shares in 2018Q2 were reported.

California Employees Retirement Systems, California-based fund reported 34,480 shares. Essex Invest Mngmt Communication Ltd Liability Company has invested 0.07% in SMTC Corporation (NASDAQ:SMTX). Bridgeway Cap Inc has invested 0% of its portfolio in SMTC Corporation (NASDAQ:SMTX). Mill Road Mngmt Lc invested in 374,816 shares. Gilman Hill Asset Management Ltd Liability Com owns 0.02% invested in SMTC Corporation (NASDAQ:SMTX) for 15,977 shares. Morgan Stanley invested 0% in SMTC Corporation (NASDAQ:SMTX). Deutsche Financial Bank Ag holds 0% or 42,000 shares. 1.91M were accumulated by Wynnefield Inc. Panagora Asset Mgmt owns 17,653 shares or 0% of their US portfolio. Blackrock owns 57,049 shares. Renaissance Technology Limited holds 409,210 shares. Dimensional Fund L P holds 0% or 139,552 shares. Sg Capital Management Limited Liability Company has 10,689 shares.

Since November 14, 2018, it had 2 insider purchases, and 0 insider sales for $16,261 activity. Shares for $5,131 were bought by FITZGERALD RICHARD E on Wednesday, November 14.

Why Has B. Riley FBR Given SMTC Corp (SMTX) a $6.0 Price Target

B. Riley FBR analyst initiated coverage on SMTC Corp (SMTX) with a $6.0 price target and Buy rating. The price target would indicate a potential upside of 66.67 % from firm’s stock close price.

The stock increased 1.39% or $0.05 during the last trading session, reaching $3.65. About 17,846 shares traded. SMTC Corporation (SMTX) has risen 126.42% since December 12, 2017 and is uptrending. It has outperformed by 126.42% the S&P500.

SMTC Corporation provides electronics manufacturing services worldwide. The company has market cap of $84.25 million. The firm offers end-to-end electronics manufacturing services, including product design and engineering; printed circuit board assembly; production, enclosure, cable assembly, and precision metal fabrication; systems integration and testing; and configuration to order, build to order, and direct order fulfillment services. It currently has negative earnings. It provides integrated contract manufacturing services to original equipment manufacturers and technology companies primarily in the industrial, networking and communications, power and energy, and medical market sectors.

More notable recent SMTC Corporation (NASDAQ:SMTX) news were published by: Globenewswire.com which released: “SMTC Reports First Quarter 2017 Results, Expansion of Management Team, Restructuring Plan and Strategic Initiatives – GlobeNewswire” on May 16, 2017, also Thestreet.com with their article: “Why SMTC Corporation (SMTX) Stock Is Lower Today – TheStreet.com” published on April 14, 2014, Globenewswire.com published: “Nasdaq Private Market Expands into Alternative Investments – GlobeNewswire” on March 08, 2017. More interesting news about SMTC Corporation (NASDAQ:SMTX) were released by: Bizjournals.com and their article: “SMTC to acquire ZF Array Technology – Silicon Valley – Bizjournals.com” published on September 01, 2011 as well as Nasdaq.com‘s news article titled: “Midday Update: Stocks Giving Back Some of Monday’s Gains In End-of-Quarter Profit-Taking – Nasdaq” with publication date: March 31, 2015.

SMTC Corporation (NASDAQ:SMTX) Institutional Positions Chart

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