Smith-Midland (NASDAQ:SMID) Announces Earnings Results

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

Smith-Midland Price Performance

SMID stock traded up $2.67 during trading on Friday, hitting $38.26. 26,598 shares of the company's stock traded hands, compared to its average volume of 19,290. The business has a fifty day simple moving average of $31.48 and a 200 day simple moving average of $34.11. Smith-Midland has a 52 week low of $25.13 and a 52 week high of $51.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.94 and a current ratio of 2.39. The stock has a market capitalization of $202.78 million, a price-to-earnings ratio of 20.68 and a beta of 1.62.

Analysts Set New Price Targets

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

Institutional Trading of Smith-Midland

An institutional investor recently raised its position in Smith-Midland stock. Rhumbline Advisers boosted its stake in shares of Smith-Midland Corp. (NASDAQ:SMID - Free Report) by 9.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,265 shares of the company's stock after acquiring an additional 372 shares during the quarter. Rhumbline Advisers owned about 0.08% of Smith-Midland worth $133,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 49.94% of the company's stock.

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.