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SMIT Shariah Compliance
Screening Methodology: AAOIFI
HALAL
Last Updated: January 03, 2023
Report Source: 2022 Annual Report
Schmitt Industries Inc. Stock Analysis SMIT
United States Industrials Nano Cap Report: Schmitt Industries, Inc. is a holding company, which engages in design, manufacture, markets measurement and process control systems. The company is headquartered in Portland, Oregon and currently employs 157 full-time employees. The firm'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 firm 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 firm's Ice Cream Segment consists of Ample Hills. Ample Hills primarily sells artisan ice cream directly to customers at its retail locations.
Read More Schmitt Industries Inc (SMIT) Chart
Key Statistics of Schmitt Industries Inc (SMIT)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
$0.03Volume
173.00P/E Ratio (TTM)
-52 Week Range
Market Cap
58.08KAvg. Volume
549.60Dividend Yield
-Financial Metrics & Statements of Schmitt Industries Inc (SMIT)
FAQ's for Schmitt Industries Inc (SMIT)
- According to Musaffa’s Shariah screening methodology, Schmitt Industries Inc (SMIT) is currently classified as HALAL as of January 2023. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Schmitt Industries Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Schmitt Industries Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Schmitt Industries Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Schmitt Industries Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Schmitt Industries Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.