Is B. Riley FBR Positive On Shares of SMTC Corp (SMTX)?

SMTC Corporation (NASDAQ:SMTX) Logo

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

Sg Capital Management Ltd Liability Corp accumulated 0.01% or 10,689 shares. 374,816 are held by Mill Road Capital Management Limited Liability Com. Deutsche National Bank Ag invested in 0% or 42,000 shares. 17,653 were reported by Panagora Asset Mgmt. Bridgeway Capital Mgmt accumulated 140,000 shares. Wynnefield holds 1.91M shares or 2.31% of its portfolio. Moreover, Morgan Stanley has 0% invested in SMTC Corporation (NASDAQ:SMTX). Essex Investment Ltd holds 0.07% or 207,326 shares in its portfolio. Blackrock accumulated 57,049 shares. Gilman Hill Asset Mngmt Ltd Company invested 0.02% of its portfolio in SMTC Corporation (NASDAQ:SMTX). Dimensional Fund Advsr Lp holds 0% of its portfolio in SMTC Corporation (NASDAQ:SMTX) for 139,552 shares. California Public Employees Retirement System owns 34,480 shares. Renaissance Technology Ltd stated it has 0% of its portfolio in SMTC Corporation (NASDAQ:SMTX).

Since November 14, 2018, it had 2 insider buys, and 0 insider sales for $16,261 activity. On Tuesday, December 4 the insider WASZAK STEVEN M bought $11,130.

Why Has B. Riley FBR Given SMTC Corp (SMTX) a $6.0 Price Target

B. Riley FBR analyst has started coverage on SMTC Corp (SMTX) with a $6.0 target price and “Buy” rating. The target price gives a potential upside of 66.67 % from firm’s 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 (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: Nasdaq.com which released: “Midday Update: Stocks Giving Back Some of Monday’s Gains In End-of-Quarter Profit-Taking – Nasdaq” on March 31, 2015, also Globenewswire.com with their article: “SMTC Corporation Invites You to Join Its 2017 Second Quarter Earnings Call – GlobeNewswire” published on July 27, 2017, Nasdaq.com published: “SMTC Corporation Will Participate in the 11th Annual LD Micro Main Event Conference to be Held in Los Angeles, CA on December 4-6, 2018 – Nasdaq” on November 16, 2018. More interesting news about SMTC Corporation (NASDAQ:SMTX) were released by: Nasdaq.com and their article: “SMTC Corporation Reports Third Quarter 2018 Results – Nasdaq” published on November 06, 2018 as well as Globenewswire.com‘s news article titled: “SMTC Corporation to Announce Third Quarter 2018 Results on Nov. 6, 2018 – GlobeNewswire” with publication date: October 30, 2018.

SMTC Corporation (NASDAQ:SMTX) Institutional Positions Chart

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