Schmitt Industries, Inc. (NASDAQ:SMIT – Get Rating) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.92 and traded as low as $0.03. Schmitt Industries shares last traded at $0.19, with a volume of 13,676 shares changing hands.

Schmitt Industries Price Performance

The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 27.12. The stock's 50-day moving average is $0.40 and its 200-day moving average is $1.89. The stock has a market cap of $735,300.00, a P/E ratio of -0.22 and a beta of 0.86.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Schmitt Industries stock. Virtu Financial LLC acquired a new position in shares of Schmitt Industries, Inc. (NASDAQ:SMIT – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,177 shares of the scientific and technical instruments company's stock, valued at approximately $33,000. Virtu Financial LLC owned approximately 0.42% of Schmitt Industries as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 35.34% of the company's stock.

Schmitt Industries Company Profile

Schmitt Industries, Inc designs, manufactures and markets measurement and process control systems. It operates through the following segments: Measurement and Ice Cream. The Measurement segment designs, manufactures and sells high precision test and measurement products. The Ice Cream segment invests in creamery manufacturing and consumer retailing.

Featured Articles

• Get a free copy of the StockNews.com research report on Schmitt Industries (SMIT)
• CVS Health Corporation Is Coiled And Ready To Spring Higher
• Will The Pullback In Paycom Payoff For Investors?
• TJX Among Apparel Retailers All Dressed Up & Ready For Growth
• Daqo New Energy Charged Up For New Highs
• No Spice In Chipotle Results, Is Now The Time To Buy?

Receive News & Ratings for Schmitt Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schmitt Industries and related companies with MarketBeat.com's FREE daily email newsletter.