Smith-Midland Co. (OTCMKTS:SMID – Get Rating) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.56 and traded as low as $15.23. Smith-Midland shares last traded at $15.90, with a volume of 3,218 shares changing hands.
Smith-Midland Price Performance
The company has a 50 day simple moving average of $17.91 and a 200-day simple moving average of $19.53. The stock has a market cap of $82.58 million, a price-to-earnings ratio of 83.68 and a beta of 0.74. The company has a current ratio of 2.32, a quick ratio of 1.94 and a debt-to-equity ratio of 0.17.
Institutional Trading of Smith-Midland
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new position in Smith-Midland during the fourth quarter worth approximately $102,000. Bank of America Corp DE increased its position in Smith-Midland by 16.4% during the first quarter. Bank of America Corp DE now owns 12,471 shares of the construction company’s stock worth $222,000 after buying an additional 1,754 shares during the last quarter. 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. Citadel Advisors LLC acquired a new position in Smith-Midland during the third quarter worth approximately $253,000. Finally, Dimensional Fund Advisors LP increased its position in Smith-Midland by 76.5% during the first quarter. Dimensional Fund Advisors LP now owns 14,240 shares of the construction company’s stock worth $253,000 after buying an additional 6,171 shares during the last quarter. Institutional investors and hedge funds own 38.51% of the company’s stock.
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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