Smith-Midland Co. (OTCMKTS:SMID – Get Rating)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.12 and traded as low as $13.94. Smith-Midland shares last traded at $14.15, with a volume of 3,927 shares changing hands.
Separately, TheStreet cut shares of Smith-Midland from a “b-” rating to a “c” rating in a research report on Monday, June 6th.
The company’s 50-day moving average price is $14.92 and its two-hundred day moving average price is $21.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.93 and a current ratio of 2.16. The stock has a market cap of $74.00 million, a PE ratio of 16.08 and a beta of 1.00.
Smith-Midland (OTCMKTS:SMID – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The construction company reported ($0.02) earnings per share for the quarter. The company had revenue of $10.44 million for the quarter. Smith-Midland had a net margin of 10.00% and a return on equity of 8.02%.
Several hedge funds have recently added to or reduced their stakes in SMID. Kestra Advisory Services LLC bought a new position in shares of Smith-Midland during the 4th quarter valued at $217,000. Dorsey Wright & Associates bought a new position in shares of Smith-Midland during the 4th quarter valued at $57,000. Acadian Asset Management LLC grew its holdings in shares of Smith-Midland by 4.9% during the 4th quarter. Acadian Asset Management LLC now owns 19,904 shares of the construction company’s stock valued at $935,000 after purchasing an additional 923 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in shares of Smith-Midland during the 4th quarter valued at $1,695,000. Finally, King Luther Capital Management Corp bought a new position in shares of Smith-Midland during the 4th quarter valued at $1,126,000. 38.12% of the stock is currently owned by institutional investors.
About Smith-Midland (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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