Posted by admin on Aug 6th, 2022

Smith-Midland Co. (OTCMKTS:SMID – Get Rating) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.56 and traded as low as $16.37. Smith-Midland shares last traded at $17.41, with a volume of 15,922 shares trading hands.

Separately, TheStreet cut shares of Smith-Midland from a “b-” rating to a “c” rating in a research note on Monday, June 6th.

The stock’s fifty day moving average price is $15.09 and its 200 day moving average price is $18.56. The stock has a market cap of $91.05 million, a P/E ratio of 19.78 and a beta of 1.17. The company has a current ratio of 2.16, a quick ratio of 1.93 and a debt-to-equity ratio of 0.20.

Smith-Midland (OTCMKTS:SMID – Get Rating) last released its earnings results on Thursday, May 12th. The construction company reported ($0.02) EPS for the quarter. Smith-Midland had a net margin of 10.00% and a return on equity of 8.02%. The business had revenue of $10.44 million for the quarter.

Institutional investors have recently added to or reduced their stakes in the company. James Investment Research Inc. boosted its position in Smith-Midland by 190.4% during the 2nd quarter. James Investment Research Inc. now owns 3,813 shares of the construction company’s stock valued at $53,000 after buying an additional 2,500 shares during the period. Bank of America Corp DE boosted its position 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 buying an additional 1,754 shares during the period. State Street Corp boosted its position in Smith-Midland by 9.2% during the 1st quarter. State Street Corp now owns 13,107 shares of the construction company’s stock valued at $233,000 after buying an additional 1,107 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Smith-Midland by 76.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240 shares of the construction company’s stock worth $253,000 after purchasing an additional 6,171 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Smith-Midland by 190.6% in the 1st quarter. Bank of New York Mellon Corp now owns 14,650 shares of the construction company’s stock worth $259,000 after purchasing an additional 9,608 shares during the period. Hedge funds and other institutional investors own 38.12% of the company’s stock.

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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