Recent Insider Trading: Schmitt Industries, Inc. $SMIT

calculator-723925_1920

Schmitt Industries, Inc. (SMIT) insider have most recently took part in a trading activity. On Aug 28, 2017 Hudson David, CEO bought 3,500 shares having total worth of $5,600 at the price of $1.6 per share, following the transaction a total of 9,500 shares owned by Hudson David. Before this latest buy, Hudson David purchased SMIT at 2 other times during the past twelve months, for a total investment of $8,789 at an average of $1.65 per share.

The stock has experienced a total of 3 insider trades in the past three months. These trades include 3 buy trades. Furthermore, over the past 12 months , the stock was traded 4 times by insiders. an employee of the company was the buyer in 4 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 3 0 -5.88%
12 Month 4 0 -30.74%

Shares of Schmitt Industries, Inc. (SMIT) traded down 1.23% on Aug 25, 2017, hitting $1.6. 19,151 shares of the company’s stock traded hands. Schmitt Industries, Inc. has a 52 week low of $1.42 and a 52 week high of $2.47. The company’s market cap is $5 million.

Schmitt Industries, Inc. was incorporated in the state of Oregon in 1995. The Company designs, manufactures and markets computer-controlled vibration detection and balancing equipment to the machine tool industry. The Company through its subsidiary, Schmitt Measurement Systems, Inc., designs, manufactures and markets precision laser-based surface measurement products for a variety of commercial applications in addition to the disk drive, silicon wafer and optics industries; laser-based distance measurement products for a variety of industrial applications; and ultrasonic measurement products that accurately measure the fill levels of liquefied propane tanks and transmit that data via satellite to a secure web site. The Company also sells and markets its products in Europe through Schmitt Europe Ltd., located in the United Kingdom. The Company operates in two segments: Balancer and Measurement segment. The Company’s Balancer segment product line include Schmitt Dynamic Balance System (the SBS System), which consists of a vibration sensor, a computer control unit, and a balance head that is placed either externally on the grinding wheel spindle with the use of a spindle mounted adaptor or internally inside the spindle bore. It is designed as an inexpensive yet highly accurate permanent installation on grinding machines. The SBS products can detect and correct for vibration as small as 0.02 microns. Within the company’s customer base for the SBS System, there are three market segments: machine tool builders, machine tool rebuilders and gridding machine users. The Company’s primary competitors for SBS System are Marposs S.p.A., MPM Micro Prazision Marx GmbH and Balance Systems S.r.l. The Company’s Measurement segment designs, manufactures and markets several laser-based precision test and measurement product lines and an ultrasonic product for measuring the fill levels of liquid propane tanks and operates a precision laser light-scatter measurement laboratory. The Company’s Measurement segment offers five product lines: laser-based light-scatter measurement, dimensional sizing, capacity and volume of liquid storage tanks, research and other laser alignment products and a light-scatter measurement laboratory.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.