Smith-Midland (NASDAQ:SMID) Stock Price Down 1.1% - Here's Why

Key Points

• Shares fell 1.1% to about $31.72 on Wednesday (intraday low $30.15) with volume ~13,135 shares, roughly 21% above the average session volume.
• Latest quarterly results showed EPS of $0.40 on $23.11 million revenue, with a net margin of 13.27% and return on equity of 25.08%, indicating solid profitability.
• Market view is cautious: Weiss Ratings reissued a "Hold" and the consensus rating is Hold; the stock trades below its 50‑day ($32.71) and 200‑day ($34.77) moving averages, with a P/E of 13.5 and very low debt-to-equity (0.08).

Smith-Midland Corp. (NASDAQ:SMID - Get Free Report)'s share price traded down 1.1% on Wednesday . The company traded as low as $30.15 and last traded at $31.72. 13,135 shares changed hands during trading, an increase of 21% from the average session volume of 10,834 shares. The stock had previously closed at $32.07.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Smith-Midland in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Smith-Midland presently has a consensus rating of "Hold".

Smith-Midland Stock Performance

The company's fifty day moving average is $32.71 and its 200 day moving average is $34.77. The company has a market capitalization of $168.12 million, a P/E ratio of 13.50 and a beta of 1.89. The company has a current ratio of 2.76, a quick ratio of 2.33 and a debt-to-equity ratio of 0.08.

Smith-Midland (NASDAQ:SMID - Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The company reported $0.40 EPS for the quarter. The company had revenue of $23.11 million during the quarter. Smith-Midland had a net margin of 13.27% and a return on equity of 25.08%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SMID. CWM LLC boosted its holdings in Smith-Midland by 1,300.0% in the 3rd quarter. CWM LLC now owns 1,064 shares of the company's stock worth $39,000 after buying an additional 988 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Smith-Midland by 495.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,787 shares of the company's stock worth $60,000 after buying an additional 1,487 shares during the period. Wells Fargo & Company MN boosted its holdings in Smith-Midland by 75.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,039 shares of the company's stock worth $110,000 after buying an additional 1,307 shares during the period. Rhumbline Advisers boosted its holdings in Smith-Midland by 9.6% in the 1st quarter. Rhumbline Advisers now owns 4,265 shares of the company's stock worth $133,000 after buying an additional 372 shares during the period. Finally, Barclays PLC boosted its holdings in Smith-Midland by 8.6% in the 4th quarter. Barclays PLC now owns 4,224 shares of the company's stock worth $154,000 after buying an additional 335 shares during the period. 49.94% of the stock is owned by institutional investors.

Smith-Midland Company Profile

Smith-Midland Corporation NASDAQ: SMID is a Virginia‐based manufacturer specializing in precast and cast‐in‐place concrete products for use in residential, commercial and infrastructure applications. Headquartered in Midland, Virginia, the company operates a primary production facility where it designs, engineers and produces a wide array of concrete components under stringent quality controls. Smith‐Midland's products are widely used by builders, contractors and government agencies across the United States.

The company's Construction Products Group offers an extensive portfolio of engineered solutions for transportation and site development projects.

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