Smith-Midland (NASDAQ:SMID - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.27 EPS for the quarter, Zacks reports. Smith-Midland had a return on equity of 17.71% and a net margin of 8.52%. The company had revenue of $18.53 million during the quarter.
Smith-Midland Trading Down 3.1%
Shares of NASDAQ SMID traded down $0.98 during trading on Friday, hitting $30.41. 12,880 shares of the company traded hands, compared to its average volume of 22,845. Smith-Midland has a 1 year low of $25.03 and a 1 year high of $51.96. The company has a 50-day moving average price of $30.57 and a 200-day moving average price of $36.97. The firm has a market capitalization of $161.33 million, a P/E ratio of 25.13 and a beta of 1.63. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.11.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut shares of Smith-Midland from a "buy" rating to a "hold" rating in a research note on Sunday.
Read Our Latest Stock Report on SMID
Institutional Trading of Smith-Midland
An institutional investor recently raised its position in Smith-Midland stock. Rhumbline Advisers grew its holdings in shares of Smith-Midland Co. (NASDAQ:SMID - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,265 shares of the company's stock after buying an additional 372 shares during the quarter. Rhumbline Advisers owned 0.08% of Smith-Midland worth $133,000 at the end of the most recent quarter. Institutional investors own 49.94% of the company's stock.
About Smith-Midland
(
Get Free Report)
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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