Schmitt Industries is engaged in providing test and measurement products and services. Co. operates as two segments: Measurement Segment (SMS) and the Ice Cream Segment. In SMS, Co.'s measurement solutions support a range of industries through laser solution products, applications, and its tank monitoring products. These products and services include the Acuity™ and Xact™ product lines. Co.'s Ice Cream Segment is comprised of Ample Hills Holdings, Inc. and Ample Hills Creamery, Inc. and their subsidiaries. Co. also sells ice cream cakes, serves ice cream at catering events, and holds a variety of community-building events such as ice cream classes and comedy and music performances. We show 54 historical shares outstanding datapoints in our SMIT shares outstanding history coverage, used to compute SMIT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SMIT market cap history over the course of time is important for investors
interested in comparing SMIT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SMIT versus a peer is one thing; comparing
SMIT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SMIT can fluctuate over the course of history.
With this page we aim to empower investors researching SMIT by allowing them to research the SMIT market cap history. |
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Video: The Importance of Market Cap
