SCHMID Group (NASDAQ:SHMD) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of SCHMID Group (NASDAQ:SHMD) to a hold rating in a research report report published on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SCHMID Group in a research report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

SCHMID Group Stock Performance

Shares of NASDAQ:SHMD opened at $4.15 on Friday. The firm’s 50 day moving average is $3.70 and its two-hundred day moving average is $3.08. SCHMID Group has a 52 week low of $1.86 and a 52 week high of $6.70.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SHMD. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in SCHMID Group in the third quarter worth about $40,000. Sculptor Capital LP acquired a new position in shares of SCHMID Group in the 2nd quarter worth approximately $587,000. Magnetar Financial LLC bought a new stake in shares of SCHMID Group in the 2nd quarter worth approximately $135,000. Envestnet Asset Management Inc. lifted its stake in SCHMID Group by 38.8% during the second quarter. Envestnet Asset Management Inc. now owns 166,573 shares of the company’s stock valued at $461,000 after purchasing an additional 46,573 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in SCHMID Group during the first quarter worth approximately $42,000. 46.03% of the stock is owned by institutional investors and hedge funds.

SCHMID Group Company Profile

SCHMID Group N.V. develops and manufactures equipment and process solutions for electronics, photovoltaics, glass, and energy systems in Germany and internationally. The company offers electronics equipment, ET board, vertical and horizontal wet process, vacuum metallization and tech, plating, chemical mechanical polishing, and automation system solutions; and systems and process solutions for manufacturing and processing photovoltaic products, such as wafers, cells, modules, and thin films, as well as turnkey production lines.