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SMTC Bags $31 Million in New Business from Three Customers; Shares Up 4%

10:03AM ET 1/08/2020 MT Newswires
Shares of SMTC (SMTX) were up about 4% Wednesday morning after the company said it was awarded more than $31 million worth of new orders from three unnamed global avionics, aerospace and defense technology firms.

The company said initial production is slated to begin in mid-2020.

Price: 3.87, Change: +0.17, Percent Change: +4.54