B. Riley FBR Begins Covering SMTC (NASDAQ:SMTX) Stock. “Shares to Hit $6”

SMTC Corporation (NASDAQ:SMTX) Logo

Investors sentiment increased to 2 in 2018 Q3. Its up 1.12, from 0.88 in 2018Q2. It increased, 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.

Mill Road Capital Limited Company invested 0.8% of its portfolio in SMTC Corporation (NASDAQ:SMTX). Bridgeway Cap Inc invested 0% of its portfolio in SMTC Corporation (NASDAQ:SMTX). Panagora Asset Inc holds 0% or 17,653 shares. Moreover, Essex Management Limited Company has 0.07% invested in SMTC Corporation (NASDAQ:SMTX). Wynnefield Capital has 1.91M shares for 2.31% of their portfolio. California Employees Retirement Systems reported 0% in SMTC Corporation (NASDAQ:SMTX). Germany-based Deutsche Commercial Bank Ag has invested 0% in SMTC Corporation (NASDAQ:SMTX). Dimensional Fund Advisors Ltd Partnership, Texas-based fund reported 139,552 shares. Sg Cap Management Lc holds 0.01% or 10,689 shares. Blackrock stated it has 57,049 shares or 0% of all its holdings. 15,977 are owned by Gilman Hill Asset Mgmt Ltd Liability. Morgan Stanley has invested 0% in SMTC Corporation (NASDAQ:SMTX). New York-based Renaissance Techs Ltd Limited Liability Company has invested 0% in SMTC Corporation (NASDAQ:SMTX).

Since November 14, 2018, it had 2 buys, and 0 sales for $16,261 activity. WASZAK STEVEN M also bought $11,130 worth of SMTC Corporation (NASDAQ:SMTX) on Tuesday, December 4.

Why Has B. Riley FBR Given SMTC (NASDAQ:SMTX) a $6 Price Target

B. Riley FBR analyst started coverage on SMTC (NASDAQ:SMTX) with a $6 PT and “Buy” rating. The PT indicates a potential upside of 64.38 % from company’s last 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 (NASDAQ: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 Corporation to Participate in the 9th Annual Craig-Hallum Alpha Select Conference in New York City – November 15, 2018 – GlobeNewswire” on November 02, 2018, also Seekingalpha.com with their article: “SMTC: Unprofitable Plus Capital Intensive Doesn’t Equal Turnaround – Seeking Alpha” published on April 30, 2018, Nasdaq.com published: “Midday Update: Stocks Giving Back Some of Monday’s Gains In End-of-Quarter Profit-Taking – Nasdaq” on March 31, 2015. More interesting news about SMTC Corporation (NASDAQ:SMTX) were released by: Globenewswire.com and their article: “SMTC Reports Fourth Quarter and Fiscal Year 2017 Results – GlobeNewswire” published on March 07, 2018 as well as Globenewswire.com‘s news article titled: “SMTC Corporation Invites You to Join Its 2017 Fourth Quarter and Fiscal Year Earnings Results Call – GlobeNewswire” with publication date: March 01, 2018.

SMTC Corporation (NASDAQ:SMTX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.