Yakira Capital Management Inc. Sells 102,506 Shares of SCHMID Group N.V. $SHMD

Yakira Capital Management Inc. trimmed its position in SCHMID Group N.V. (NASDAQ:SHMD) by 55.6% in the fourth quarter, HoldingsChannel reports. The firm owned 81,900 shares of the company’s stock after selling 102,506 shares during the quarter. Yakira Capital Management Inc.’s holdings in SCHMID Group were worth $507,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in SCHMID Group in the 4th quarter worth about $31,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in SCHMID Group in the 3rd quarter worth about $40,000. Jane Street Group LLC bought a new stake in SCHMID Group in the 4th quarter worth about $106,000. HRT Financial LP bought a new stake in SCHMID Group in the 4th quarter worth about $130,000. Finally, Geode Capital Management LLC purchased a new position in SCHMID Group in the fourth quarter valued at about $156,000. 46.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SHMD. Weiss Ratings reiterated a “sell (e+)” rating on shares of SCHMID Group in a research note on Tuesday, February 17th. Wall Street Zen upgraded shares of SCHMID Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

SCHMID Group Stock Performance

SHMD opened at $5.38 on Monday. SCHMID Group N.V. has a twelve month low of $2.00 and a twelve month high of $10.65. The company’s 50-day moving average price is $6.16 and its two-hundred day moving average price is $6.60.

SCHMID Group (NASDAQ:SHMD) last released its earnings results on Friday, May 15th. The company reported $999.00 earnings per share for the quarter.

About SCHMID Group

Schmid Group AG is a global engineering and manufacturing company specializing in flexible packaging and barrier coating technologies for a range of industries. The company’s core offerings include turnkey coating, metallization and extrusion lamination lines designed to enhance the functional performance of films and substrates used in food, pharmaceutical and medical packaging applications. Schmid Group’s expertise also encompasses process engineering, product development and on-site support services, enabling clients to optimize production efficiency and sustainability in high-volume manufacturing environments.

In addition to its barrier technologies, Schmid Group provides modular solutions for thin-film coating, printing, slitting and winding, as well as machinery for flat glass finishing such as washing, sanding and patterning.