Smith-Midland (NASDAQ:SMID) Shares Down 3.2%

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

Smith-Midland Stock Down 2.7 %

The company has a 50 day moving average price of $41.36 and a two-hundred day moving average price of $34.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.31 and a quick ratio of 1.99. The stock has a market cap of $192.10 million, a PE ratio of 332.03 and a beta of 1.20.

Institutional Trading of Smith-Midland

A number of hedge funds and other institutional investors have recently bought and sold shares of SMID. Thompson Davis & CO. Inc. boosted its stake in shares of Smith-Midland by 10.2% in the fourth quarter. Thompson Davis & CO. Inc. now owns 1,356,453 shares of the company’s stock worth $53,580,000 after acquiring an additional 125,873 shares during the period. Vanguard Group Inc. boosted its stake in shares of Smith-Midland by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 200,809 shares of the company’s stock worth $7,932,000 after acquiring an additional 2,373 shares during the period. Needham Investment Management LLC boosted its stake in shares of Smith-Midland by 12.5% in the fourth quarter. Needham Investment Management LLC now owns 180,000 shares of the company’s stock worth $7,110,000 after acquiring an additional 20,000 shares during the period. CI Private Wealth LLC bought a new position in shares of Smith-Midland in the fourth quarter worth about $1,256,000. Finally, Heritage Investors Management Corp boosted its stake in shares of Smith-Midland by 6.9% in the third quarter. Heritage Investors Management Corp now owns 44,268 shares of the company’s stock worth $839,000 after acquiring an additional 2,870 shares during the period. Hedge funds and other institutional investors 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.