Smith-Midland (NASDAQ:SMID) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Smith-Midland (NASDAQ:SMID - Free Report) from a hold rating to a buy rating in a report published on Saturday morning.

Smith-Midland Price Performance

SMID stock traded down $1.36 during trading on Friday, reaching $36.64. The company's stock had a trading volume of 11,837 shares, compared to its average volume of 19,143. The company's fifty day moving average is $31.48 and its 200-day moving average is $33.95. Smith-Midland has a 1 year low of $25.13 and a 1 year high of $51.96. The company has a market capitalization of $194.19 million, a P/E ratio of 19.81 and a beta of 1.62. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 0.09.

Smith-Midland (NASDAQ:SMID - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The company reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $22.70 million for the quarter. Smith-Midland had a net margin of 11.64% and a return on equity of 23.92%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SMID. BNP Paribas Financial Markets acquired a new position in Smith-Midland in the 4th quarter worth approximately $72,000. Wells Fargo & Company MN boosted its stake in Smith-Midland by 61.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,235 shares of the company's stock valued at $99,000 after acquiring an additional 851 shares during the last quarter. Rhumbline Advisers increased its position in shares of Smith-Midland by 9.6% during the first quarter. Rhumbline Advisers now owns 4,265 shares of the company's stock worth $133,000 after acquiring an additional 372 shares in the last quarter. GAMMA Investing LLC lifted its stake in Smith-Midland by 39,258.3% in the first quarter. GAMMA Investing LLC now owns 4,723 shares of the company's stock valued at $152,000 after acquiring an additional 4,711 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Smith-Midland by 3,790.4% during the fourth quarter. Deutsche Bank AG now owns 4,863 shares of the company's stock worth $216,000 after acquiring an additional 4,738 shares during the period. 49.94% of the stock is owned by hedge funds and other 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.