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

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

Smith-Midland Price Performance

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

Institutional Trading of Smith-Midland

Several institutional investors have recently bought and sold shares of SMID. Heritage Investors Management Corp lifted its holdings in Smith-Midland by 6.9% during the 3rd quarter. Heritage Investors Management Corp now owns 44,268 shares of the company’s stock worth $839,000 after buying an additional 2,870 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Smith-Midland by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,585 shares of the company’s stock worth $360,000 after buying an additional 1,066 shares during the period. Balyasny Asset Management L.P. bought a new position in Smith-Midland in the fourth quarter valued at approximately $335,000. Kestra Advisory Services LLC acquired a new position in shares of Smith-Midland in the fourth quarter valued at approximately $275,000. Finally, Bank of New York Mellon Corp lifted its position in Smith-Midland by 190.6% in the 1st quarter. Bank of New York Mellon Corp now owns 14,650 shares of the company’s stock valued at $259,000 after acquiring an additional 9,608 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, 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.