Schmitt Industries (NASDAQ:SMIT) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Schmitt Industries, Inc. (NASDAQ: SMIT - Get Free Report) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $0.02 and traded as low as $0.0150. Schmitt Industries shares last traded at $0.0150, with a volume of 670 shares changing hands.