SCHMID Group (NASDAQ:SHMD) Shares Up 2.4% – Here’s Why

SCHMID Group N.V. (NASDAQ:SHMD) rose 2.4% during trading on Thursday . The company traded as high as $9.22 and last traded at $8.69. Approximately 844,305 shares traded hands during mid-day trading, an increase of 85% from the average daily volume of 455,376 shares. The stock had previously closed at $8.49.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SHMD. Weiss Ratings restated a “sell (e+)” rating on shares of SCHMID Group in a research report on Saturday, September 27th. Wall Street Zen raised shares of SCHMID Group to a “hold” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

SCHMID Group Price Performance

The company has a 50-day moving average price of $5.83 and a two-hundred day moving average price of $4.06.

Hedge Funds Weigh In On SCHMID Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of SCHMID Group in the 4th quarter valued at $31,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in SCHMID Group during the third quarter worth $40,000. Envestnet Asset Management Inc. grew its holdings in SCHMID Group by 38.8% in the second quarter. Envestnet Asset Management Inc. now owns 166,573 shares of the company’s stock worth $461,000 after purchasing an additional 46,573 shares during the period. Magnetar Financial LLC bought a new stake in SCHMID Group in the second quarter valued at $135,000. Finally, Sculptor Capital LP acquired a new position in shares of SCHMID Group during the second quarter valued at about $587,000. 46.03% of the stock is currently owned by institutional investors.

About SCHMID Group

Schmid Group AG is a global engineering and manufacturing company specializing in flexible packaging and barrier coating technologies for a range of industries. The company’s core offerings include turnkey coating, metallization and extrusion lamination lines designed to enhance the functional performance of films and substrates used in food, pharmaceutical and medical packaging applications. Schmid Group’s expertise also encompasses process engineering, product development and on-site support services, enabling clients to optimize production efficiency and sustainability in high-volume manufacturing environments.

In addition to its barrier technologies, Schmid Group provides modular solutions for thin-film coating, printing, slitting and winding, as well as machinery for flat glass finishing such as washing, sanding and patterning.