Is SMTC Corporation (SMTX)’s Fuel Running Low? The Stock Reaches 52-Week High Today

April 16, 2018 - By Larry Anderson

SMTC Corporation (NASDAQ:SMTX) Logo

Investors sentiment increased to 3 in Q4 2017. Its up 2.80, from 0.2 in 2017Q3. It increased, as 1 investors sold SMTC Corporation shares while 1 reduced holdings. 5 funds opened positions while 1 raised stakes. 2.90 million shares or 40.44% more from 2.07 million shares in 2017Q3 were reported.
California Public Employees Retirement System reported 0% in SMTC Corporation (NASDAQ:SMTX). Dimensional Fund Lp holds 0% or 90,167 shares. Wynnefield Cap Inc invested 0.94% of its portfolio in SMTC Corporation (NASDAQ:SMTX). Bridgeway Mgmt has invested 0% in SMTC Corporation (NASDAQ:SMTX). Wells Fargo And Mn stated it has 2,000 shares. 15,977 are owned by Gilman Hill Asset Ltd Liability Corp. Citadel Advsrs Ltd Liability owns 11,393 shares. Renaissance Technology Lc reported 0% in SMTC Corporation (NASDAQ:SMTX). Mill Road Mgmt Limited Liability owns 783,099 shares. Tower Rech Cap Lc (Trc) holds 0% or 3,023 shares. Ingalls And Snyder Llc accumulated 10,000 shares. Deutsche Natl Bank Ag invested 0% in SMTC Corporation (NASDAQ:SMTX). Td Asset Mgmt owns 50,535 shares for 0% of their portfolio. Acadian Asset Mngmt Limited Liability Com invested in 1,908 shares or 0% of the stock. Fisher Asset Management Ltd Com, Washington-based fund reported 10,000 shares.

Since December 11, 2017, it had 3 insider purchases, and 0 selling transactions for $196,513 activity. $95,448 worth of SMTC Corporation (NASDAQ:SMTX) was bought by Waterfield John Randall.

The stock of SMTC Corporation (NASDAQ:SMTX) hit a new 52-week high and has $2.68 target or 8.00 % above today’s $2.48 share price. The 9 months bullish chart indicates low risk for the $42.39 million company. The 1-year high was reported on Apr, 16 by Barchart.com. If the $2.68 price target is reached, the company will be worth $3.39M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.39% or $0.01 during the last trading session, reaching $2.48. About 4,351 shares traded. SMTC Corporation (NASDAQ:SMTX) has risen 67.41% since April 16, 2017 and is uptrending. It has outperformed by 55.86% the S&P500.

SMTC Corporation provides electronics manufacturing services worldwide. The company has market cap of $42.39 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; 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.

SMTC Corporation (NASDAQ:SMTX) Institutional Positions Chart

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