Smith-Midland (NASDAQ:SMID) Trading Up 7.3% - Time to Buy?

Smith-Midland Co. (NASDAQ:SMID - Get Free Report) was up 7.3% on Tuesday . The company traded as high as $31.89 and last traded at $31.58. Approximately 4,003 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 24,026 shares. The stock had previously closed at $29.44.

Smith-Midland Price Performance

The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $155.70 million, a price-to-earnings ratio of 24.26 and a beta of 1.45. The stock's 50 day moving average price is $31.95 and its two-hundred day moving average price is $37.53.

Institutional Investors Weigh In On Smith-Midland

A number of large investors have recently bought and sold shares of SMID. State Street Corp boosted its holdings in Smith-Midland by 8.2% in the third quarter. State Street Corp now owns 54,543 shares of the company's stock worth $1,821,000 after purchasing an additional 4,136 shares in the last quarter. Barclays PLC boosted its holdings in Smith-Midland by 236.3% in the third quarter. Barclays PLC now owns 6,984 shares of the company's stock worth $233,000 after purchasing an additional 4,907 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Smith-Midland by 1.9% in the third quarter. Geode Capital Management LLC now owns 101,193 shares of the company's stock worth $3,379,000 after purchasing an additional 1,866 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Smith-Midland in the fourth quarter worth $48,000. Finally, Thompson Davis & CO. Inc. boosted its holdings in Smith-Midland by 1.9% in the fourth quarter. Thompson Davis & CO. Inc. now owns 1,784,921 shares of the company's stock worth $79,358,000 after purchasing an additional 33,957 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors.

About Smith-Midland

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.