1 week Ago By Defense World Staff
Shares of Smith-Midland Co. ( NASDAQ:SMID – Get Free Report ) were up 1.4% on Wednesday .
The stock traded as high as $46.50 and last traded at $44.46.
Approximately 8,033 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 28,157 shares. The stock had previously closed at $43.86.
Smith-Midland Price Performance The company has a debt-to-equity ratio of 0.11, a current ratio of 2.78 and a quick ratio of 2.
28. The firm has a market capitalization of $235.86 million, a PE ratio of 36.
74 and a beta of 1.35. The business’s 50 day moving average is $42.
41 and its two-hundred day moving average is $35.68. Institutional Trading of Smith-Midland Hedge funds have recently made changes to their positions in the stock.
Bank of New York Mellon Corp bought a new position in Smith-Midland in the second quarter valued at $325,000. Rhumbline Advisers purchased a new position in shares of Smith-Midland in the 2nd quarter worth about $125,000. Rice Hall James & Associates LLC increased its position in shares of Smith-Midland by 3.
8% during the 2nd quarter. Rice Hall James & Associates LLC now owns 42,153 shares of the company’s stock valued at $1,167,000 after purchasing an additional 1,544 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Smith-Midland by 13.
6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,952 shares of the company’s stock valued at $829,000 after buying an additional 3,580 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Smith-Midland by 21.
7% in the 2nd quarter. Marshall Wace LLP now owns 9,265 shares of the company’s stock worth $257,000 after buying an additional 1,654 shares during the last quarter. 49.
94% of the stock is owned by institutional investors. Smith-Midland Company Profile Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems in the United States. It offers SlenderWall lightweight construction panel, lightweight exterior cladding used for the exterior walls of buildings; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers, used on roadways to separate lanes of traffic in construction work zone or traffic control purposes; Easi-Set precast building and Easi-Span expandable precast buildings, used in housing communications operations, traffic control systems, and mechanical and electrical stations; Easi-Set utility, vaults for house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as custom-built utility vaults for special needs; SoftSound soundwall panels, it absorb highway noise; Beach Prisms erosion control modules for seawalls and jetties; and H2Out secondary drainage systems for panelized exterior cladding.
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