Smith-Midland (OTCMKTS:SMID) Share Price Crosses Below 200 Day Moving Average of $20.76

Smith-Midland Co. (OTCMKTS:SMIDGet Rating) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.76 and traded as low as $20.27. Smith-Midland shares last traded at $20.67, with a volume of 3,636 shares changing hands.

Smith-Midland Trading Up 1.9 %

The company has a fifty day moving average of $20.56 and a 200-day moving average of $20.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.67 and a quick ratio of 2.31. The firm has a market capitalization of $108.12 million, a PE ratio of 137.80 and a beta of 0.88.

Institutional Investors Weigh In On Smith-Midland

A number of institutional investors and hedge funds have recently modified their holdings of the company. Intrust Bank NA bought a new position in shares of Smith-Midland during the second quarter valued at $169,000. Thompson Davis & CO. Inc. increased its holdings in Smith-Midland by 28.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,330,656 shares of the construction company’s stock worth $18,629,000 after acquiring an additional 291,859 shares during the period. James Investment Research Inc. boosted its stake in shares of Smith-Midland by 190.4% in the 2nd quarter. James Investment Research Inc. now owns 3,813 shares of the construction company’s stock valued at $53,000 after purchasing an additional 2,500 shares in the last quarter. Heritage Investors Management Corp raised its holdings in Smith-Midland by 4.9% during the 2nd quarter. Heritage Investors Management Corp now owns 43,432 shares of the construction company’s stock valued at $608,000 after buying an additional 2,030 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Smith-Midland by 190.6% in the 1st quarter. Bank of New York Mellon Corp now owns 14,650 shares of the construction company’s stock worth $259,000 after purchasing an additional 9,608 shares in the last quarter. 38.51% of the stock is owned by institutional investors.

About Smith-Midland

(Get Rating)

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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