Schmitt Industries, Inc. (SMIT) stock is higher by 5.82% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With SMIT Stock Today?
Schmitt Industries, Inc. (SMIT) stock is higher by 7.49% while the S&P 500 has fallen -0.37% as of 10:05 AM on Friday, Jan 15. SMIT is up $0.41 from the previous closing price of $5.41 on volume of 85,647 shares. Over the past year the S&P 500 is higher by 14.96% while SMIT is up 66.76%. SMIT earned $0.93 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.23.
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More About Schmitt Industries, Inc.
Schmitt Industries Inc is a U.S based is engaged in offering precision testing and measurement products. In its business segment, the Measurement Segment, the solutions support a wide range of industries through laser solution products, applications, and tank monitoring products. The products and services include the Acuity and Xact product lines. The products sold under the Acuity brand include lasers utilizing both triangulation and time-of-flight methods of measurement, and confocal chromatic white light sensors. Acuity sells products, solutions and services including laser and white light sensor distance, measurement and dimensional sizing products.
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