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Shimmick Preferred Bidder on $81.5 Million in Water and Electrical Projects in Los Angeles Market
Globe Newswire (Tue, 16-Dec 8:30 AM ET)
Shimmick Corp is a provider of water and other critical infrastructure solutions nationwide. It selectively focuses on the following types of infrastructure projects: Water Treatment, Water Resources, and Other Critical Infrastructure. In water treatment projects the company expands, rehabilitates, upgrades, builds and rebuilds water and wastewater treatment infrastructure, including desalination plants. In water resources projects company builds, expands, and improves water storage and conveyance, dams, levees, flood control systems, pump stations, and coastal protection. In Other Critical Infrastructure projects, It builds, retrofits, expands, rehabilitates, operates, and maintains its nation's critical infrastructure, including mass transit, bridges, and military infrastructure.
Shimmick trades on the NASDAQ stock market under the symbol SHIM.
As of February 24, 2026, SHIM stock price climbed to $3.46 with 89,495 million shares trading.
SHIM has a beta of 2.88, meaning it tends to be more sensitive to market movements. SHIM has a correlation of 0.33 to the broad based SPY ETF.
SHIM has a market cap of $123.92 million. This is considered a Micro Cap stock.
Last quarter Shimmick reported $142 million in Revenue and -$.01 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.05.
The top ETF exchange traded funds that SHIM belongs to (by Net Assets): VXF, IWC, VTI.
SHIM has outperformed the market in the last year with a return of +61.7%, while the SPY ETF gained +15.8%. In the last 3 month period, SHIM beat the market returning +61.7%, while SPY returned +4.6%. However, in the most recent 2 weeks SHIM has underperformed the stock market by returning -18.2%, while SPY returned -1.0%.
SHIM support price is $3.24 and resistance is $3.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SHIM shares will trade within this expected range on the day.
