Smith-Midland (NASDAQ:SMID) Announces Quarterly Earnings Results

Smith-Midland (NASDAQ:SMID - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.62 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $22.70 million for the quarter. Smith-Midland had a return on equity of 19.86% and a net margin of 9.78%.

Smith-Midland Trading Up 7.5%

Shares of SMID traded up $2.67 during mid-day trading on Friday, reaching $38.26. 26,598 shares of the company's stock traded hands, compared to its average volume of 19,225. The stock has a market cap of $202.97 million, a P/E ratio of 20.68 and a beta of 1.62. The stock's 50-day moving average is $31.48 and its two-hundred day moving average is $34.04. Smith-Midland has a 12 month low of $25.13 and a 12 month high of $51.96. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.39 and a quick ratio of 1.94.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Smith-Midland from a "hold" rating to a "buy" rating in a research note on Saturday.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Smith-Midland stock. Rhumbline Advisers grew its holdings in shares of Smith-Midland Corp. (NASDAQ:SMID - Free Report) by 9.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund 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 reporting period. 49.94% of the stock is currently owned by institutional investors.

Smith-Midland Company Profile

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.