Smith-Midland (NASDAQ:SMID) Trading at $22.39

Smith-Midland Corp. (NASDAQ:SMID)’s share price was down 0% on Monday. The company traded as low as $22.28 and last traded at $22.39. Approximately 9,561 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 13,861 shares. The stock had previously closed at $22.40.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Smith-Midland from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Smith-Midland currently has an average rating of “Hold”.

Smith-Midland Stock Down 0.1%

The business’s 50 day moving average is $25.28 and its 200 day moving average is $28.70. The company has a market capitalization of $118.40 million, a price-to-earnings ratio of 15.41 and a beta of 1.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.31 and a current ratio of 4.06.

Smith-Midland (NASDAQ:SMID) last released its earnings results on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. Smith-Midland had a net margin of 8.59% and a return on equity of 14.06%. The company had revenue of $23.36 million for the quarter.

Institutional Trading of Smith-Midland

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Womack Financial LLC acquired a new position in shares of Smith-Midland in the 3rd quarter valued at about $217,000. Bard Associates Inc. purchased a new stake in shares of Smith-Midland in the second quarter worth about $2,316,000. BlackRock Inc. acquired a new stake in Smith-Midland during the second quarter worth about $5,697,000. Deutsche Bank AG acquired a new stake in Smith-Midland during the second quarter worth about $58,000. Finally, Rice Hall James & Associates LLC purchased a new position in Smith-Midland during the second quarter valued at approximately $1,565,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

About Smith-Midland

Smith-Midland Corporation (NASDAQ:SMID) manufactures and sells precast concrete products for the construction, transportation, utility and agricultural markets. Its offerings include modular precast concrete buildings, architectural and structural wall systems, highway barriers, traffic-control products and other custom precast components.

The company’s product lines include Easi-Set and Easi-Span precast concrete buildings, SlenderWall architectural and structural panels, and JJ Hooks highway and traffic barriers.