Posted by admin on Jun 8th, 2022
Smith-Midland (OTCMKTS:SMID – Get Rating) was downgraded by TheStreet from a “b-” rating to a “c” rating in a research report issued on Monday, TheStreetRatingsTable reports.
Shares of SMID stock opened at $16.30 on Monday. Smith-Midland has a fifty-two week low of $12.88 and a fifty-two week high of $47.99. The stock has a market cap of $85.25 million, a P/E ratio of 18.52 and a beta of 1.04. The business has a fifty day simple moving average of $16.52 and a 200-day simple moving average of $25.07. The company has a quick ratio of 1.93, a current ratio of 2.16 and a debt-to-equity ratio of 0.20.
Smith-Midland (OTCMKTS:SMID – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The construction company reported ($0.02) EPS 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 and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Smith-Midland by 16.4% during the 1st quarter. Bank of America Corp DE now owns 12,471 shares of the construction company’s stock valued at $222,000 after acquiring an additional 1,754 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in Smith-Midland during the 1st quarter valued at $498,000. State Street Corp increased its position in Smith-Midland by 9.2% during the first quarter. State Street Corp now owns 13,107 shares of the construction company’s stock worth $233,000 after buying an additional 1,107 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Smith-Midland by 415.2% during the first quarter. Renaissance Technologies LLC now owns 23,700 shares of the construction company’s stock valued at $421,000 after acquiring an additional 19,100 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Smith-Midland by 30.4% during the first quarter. Vanguard Group Inc. now owns 188,961 shares of the construction company’s stock worth $3,354,000 after purchasing an additional 44,026 shares during the period. 38.12% of the stock is currently owned by institutional investors and hedge funds.
Smith-Midland Company Profile (Get Rating)
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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