Smith-Midland (OTCMKTS:SMID) Stock Price Passes Below 200-Day Moving Average of $24.17

Shares of Smith-Midland Co. (OTCMKTS:SMIDGet Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.17 and traded as low as $14.31. Smith-Midland shares last traded at $14.50, with a volume of 10,477 shares.

Separately, TheStreet cut shares of Smith-Midland from a “b-” rating to a “c” rating in a research note on Monday, June 6th.

The business’s fifty day moving average price is $16.05 and its two-hundred day moving average price is $24.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.93 and a current ratio of 2.16. The stock has a market capitalization of $75.84 million, a P/E ratio of 16.48 and a beta of 1.04.

Smith-Midland (OTCMKTS:SMIDGet Rating) last posted its earnings results on Thursday, May 12th. The construction company reported ($0.02) earnings per share for the quarter. The business had revenue of $10.44 million during the quarter. Smith-Midland had a return on equity of 8.02% and a net margin of 10.00%.

Large investors have recently made changes to their positions in the business. MFA Wealth Advisors LLC purchased a new stake in shares of Smith-Midland in the third quarter worth approximately $100,000. Vanguard Group Inc. lifted its stake in shares of Smith-Midland by 30.4% during the 1st quarter. Vanguard Group Inc. now owns 188,961 shares of the construction company’s stock worth $3,354,000 after acquiring an additional 44,026 shares during the last quarter. Rice Hall James & Associates LLC bought a new stake in shares of Smith-Midland during the 4th quarter worth approximately $1,695,000. Truist Financial Corp bought a new stake in shares of Smith-Midland during the 1st quarter worth approximately $538,000. Finally, Guggenheim Capital LLC bought a new stake in shares of Smith-Midland during the 1st quarter worth approximately $498,000. Institutional investors and hedge funds own 38.12% of the company’s stock.

Smith-Midland Company Profile (OTCMKTS:SMID)

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

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