Smith-Midland (NASDAQ:SMID) Shares Down 1.1% – Time to Sell?

Smith-Midland Corp. (NASDAQ:SMID)’s stock price traded down 1.1% on Wednesday . The company traded as low as $30.15 and last traded at $31.72. 13,135 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 10,834 shares. The stock had previously closed at $32.07.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Smith-Midland in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Smith-Midland Stock Performance

The stock’s fifty day simple moving average is $32.58 and its two-hundred day simple moving average is $34.75. The company has a market cap of $180.43 million, a price-to-earnings ratio of 14.46 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.33 and a current ratio of 2.76.

Smith-Midland (NASDAQ:SMID) last issued its earnings results on Tuesday, April 14th. The company reported $0.40 earnings per share for the quarter. Smith-Midland had a return on equity of 25.08% and a net margin of 13.27%.The business had revenue of $23.11 million for the quarter.

Institutional Trading of Smith-Midland

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its stake in Smith-Midland by 1,300.0% during the third quarter. CWM LLC now owns 1,064 shares of the company’s stock worth $39,000 after buying an additional 988 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Smith-Midland by 495.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,787 shares of the company’s stock valued at $60,000 after acquiring an additional 1,487 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Smith-Midland by 75.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,039 shares of the company’s stock valued at $110,000 after acquiring an additional 1,307 shares in the last quarter. Barclays PLC boosted its position in Smith-Midland by 8.6% during the 4th quarter. Barclays PLC now owns 4,224 shares of the company’s stock worth $154,000 after purchasing an additional 335 shares during the period. Finally, Rhumbline Advisers increased its holdings in Smith-Midland by 9.6% in the 1st quarter. Rhumbline Advisers now owns 4,265 shares of the company’s stock valued at $133,000 after purchasing an additional 372 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Smith-Midland Company Profile

Smith-Midland Corporation (NASDAQ: SMID) is a Virginia‐based manufacturer specializing in precast and cast‐in‐place concrete products for use in residential, commercial and infrastructure applications. Headquartered in Midland, Virginia, the company operates a primary production facility where it designs, engineers and produces a wide array of concrete components under stringent quality controls. Smith‐Midland’s products are widely used by builders, contractors and government agencies across the United States.

The company’s Construction Products Group offers an extensive portfolio of engineered solutions for transportation and site development projects.