Smith-Midland Co. (OTCMKTS:SMID – Get Rating)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.76 and traded as low as $20.27. Smith-Midland shares last traded at $20.67, with a volume of 3,636 shares.
Smith-Midland Price Performance
The company has a current ratio of 2.67, a quick ratio of 2.31 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $20.56 and a two-hundred day moving average price of $20.76. The firm has a market capitalization of $108.12 million, a price-to-earnings ratio of 137.80 and a beta of 0.88.
Institutional Trading of Smith-Midland
Several large investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. boosted its stake in Smith-Midland by 28.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,330,656 shares of the construction company’s stock valued at $18,629,000 after purchasing an additional 291,859 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Smith-Midland by 30.4% in the first quarter. Vanguard Group Inc. now owns 188,961 shares of the construction company’s stock valued at $3,354,000 after purchasing an additional 44,026 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Smith-Midland during the first quarter worth $498,000. Renaissance Technologies LLC raised its holdings in shares of Smith-Midland by 415.2% during the first quarter. Renaissance Technologies LLC now owns 23,700 shares of the construction company’s stock worth $421,000 after acquiring an additional 19,100 shares in the last quarter. Finally, Intrust Bank NA purchased a new stake in shares of Smith-Midland during the second quarter worth $169,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.
Smith-Midland Corp. engages in developing, manufacturing, marketing, leasing, licensing, selling, and installing of precast concrete products. The firm’s products include SlenderWall Lightweight Construction Panels, Sierra Wall, J-J Hooks Highway Safety Barrier, Easi-Set Precast Buildings and Easi-Span Expandable Precast Buildings, Easi-Set Utility Vault, SoftSound Soundwall Panels, Beach Prisms Erosion Control Modules and Beach Prisms Erosion Control Modules.
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