Smith-Midland (NASDAQ:SMID) Raised to "Buy" at Wall Street Zen

Smith-Midland (NASDAQ:SMID - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Smith-Midland Trading Down 1.2%

Shares of NASDAQ:SMID traded down $0.37 during mid-day trading on Friday, hitting $31.39. The stock had a trading volume of 28,305 shares, compared to its average volume of 22,889. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 2.78. The company has a market cap of $166.52 million, a PE ratio of 25.94 and a beta of 1.63. Smith-Midland has a 12-month low of $25.03 and a 12-month high of $51.96. The company's 50 day moving average is $30.66 and its 200-day moving average is $37.02.

Smith-Midland (NASDAQ:SMID - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $0.27 EPS for the quarter. The business had revenue of $18.53 million during the quarter. Smith-Midland had a net margin of 8.52% and a return on equity of 17.71%.

Institutional Investors Weigh In On Smith-Midland

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMID. Sound Income Strategies LLC purchased a new stake in Smith-Midland in the 4th quarter worth approximately $48,000. BNP Paribas Financial Markets purchased a new stake in Smith-Midland in the 4th quarter worth approximately $72,000. Wells Fargo & Company MN lifted its position in Smith-Midland by 61.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,235 shares of the company's stock worth $99,000 after buying an additional 851 shares in the last quarter. Rhumbline Advisers lifted its position 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 in the last quarter. Finally, GAMMA Investing LLC lifted its position in Smith-Midland by 39,258.3% in the 1st quarter. GAMMA Investing LLC now owns 4,723 shares of the company's stock worth $152,000 after buying an additional 4,711 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company's stock.

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.