Smith-Midland Co. (OTCMKTS:SMID – Get Rating)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.21 and traded as low as $13.77. Smith-Midland shares last traded at $13.94, with a volume of 3,736 shares changing hands.
Separately, TheStreet downgraded Smith-Midland from a “b-” rating to a “c” rating in a report on Monday, June 6th.
The business has a fifty day simple moving average of $15.26 and a two-hundred day simple moving average of $22.21. The company has a current ratio of 2.16, a quick ratio of 1.93 and a debt-to-equity ratio of 0.20. The stock has a market cap of $72.91 million, a PE ratio of 15.84 and a beta of 1.00.
Smith-Midland (OTCMKTS:SMID – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The construction company reported ($0.02) EPS for the quarter. Smith-Midland had a return on equity of 8.02% and a net margin of 10.00%. The company had revenue of $10.44 million during the quarter.
A number of hedge funds have recently added to or reduced their stakes in SMID. Ritholtz Wealth Management bought a new position in shares of Smith-Midland during the 4th quarter valued at $391,000. Kestra Advisory Services LLC purchased a new stake in shares of Smith-Midland in the 4th quarter worth $217,000. Dorsey Wright & Associates purchased a new stake in shares of Smith-Midland in the 4th quarter worth $57,000. Acadian Asset Management LLC increased its stake in shares of Smith-Midland by 4.9% in the 4th quarter. Acadian Asset Management LLC now owns 19,904 shares of the construction company’s stock worth $935,000 after purchasing an additional 923 shares in the last quarter. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of Smith-Midland in the 4th quarter worth $1,695,000. 38.12% of the stock is currently owned by institutional investors and hedge funds.
Smith-Midland Company Profile (OTCMKTS:SMID)
Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations.
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