Smith-Midland (NASDAQ:SMID) Stock Price Down 3.2%

Smith-Midland Co. (NASDAQ:SMID) shares traded down 3.2% during mid-day trading on Wednesday . The stock traded as low as $38.60 and last traded at $38.63. 10,655 shares traded hands during trading, a decline of 61% from the average session volume of 27,144 shares. The stock had previously closed at $39.91.

Smith-Midland Stock Down 3.2 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.31 and a quick ratio of 1.99. The business’s 50 day moving average price is $41.63 and its 200 day moving average price is $34.76. The firm has a market cap of $203.19 million, a PE ratio of 351.21 and a beta of 1.20.

Institutional Trading of Smith-Midland

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Smith-Midland by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 200,809 shares of the company’s stock valued at $7,932,000 after acquiring an additional 2,373 shares in the last quarter. Barclays PLC acquired a new stake in shares of Smith-Midland in the 4th quarter worth $152,000. Needham Investment Management LLC raised its holdings in shares of Smith-Midland by 12.5% during the 4th quarter. Needham Investment Management LLC now owns 180,000 shares of the company’s stock worth $7,110,000 after acquiring an additional 20,000 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Smith-Midland during the 4th quarter valued at about $275,000. Finally, Balyasny Asset Management L.P. purchased a new position in Smith-Midland during the fourth quarter worth about $335,000. 49.94% of the stock is owned by institutional investors and hedge funds.

Smith-Midland Company Profile

Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems 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.