Schmitt Industries Inc (PK:SMIT)
Business Focus: Testing & Measuring Equipment
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Latest 10 SEC Form 4 filings for SMIT*US within the last 6 months
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Company News
Dec 19, 2022 09:14 ET
SCHMITT INDUSTRIES ANNOUNCES AMPLE HILLS FURLOUGH
PORTLAND, Ore., Dec. 19, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) today announced that Ample Hills Creamery will be shutting down operations for at least a week, effective immediately. This action is required while the company seeks the additional investment capital required for it to continue operations. There is no assurance that additional capital will be obtained and if the company cannot raise sufficient capital, it will be required to shut down operations indefinitely.
Dec 12, 2022 11:00 ET
DEADLINE ALERT for SQ, SMIT, ARGO: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders
Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion....
Valuation Ratios
Industry
Sector
Beta
0.23
--
--
Price to Sales - TTM
0.01
2.45
1.84
Price to Book - most recent quarter
0.20
1.97
2.12
Price to Cash Flow per share - TTM
--
18.87
13.16
Price to Free Cash Flow per share - TTM
--
35.62
22.54
Business Summary
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
Schmitt Industries Inc. is a holding company, which is engaged in diverse business activities. The Company's operating businesses include propane tank monitoring solutions, precision measurement solutions and ice cream production and sales through the retail, wholesale, and e-commerce channels. The Company operates through two segments: Measurement Segment (SMS) and Ice Cream Segment. Its SMS family of products includes the Acuity and Xact product lines. Acuity products utilize both triangulation and time-of-flight measurement principles and are known for their speed and accuracy. Acuity products are used in a variety of industrial, commercial and research applications. Xact ultrasonic measurement technology monitors the fill levels of propane and other liquid tanks via satellite-connected devices. The Company's Ice Cream Segment is comprised of Ample Hills. Ample Hills primarily sells artisan ice cream directly to customers at its retail locations.
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