Smith-Midland (NASDAQ:SMID) Trading 1.4% Higher – Should You Buy?

Smith-Midland Co. (NASDAQ:SMID)’s share price traded up 1.4% on Wednesday . The company traded as high as $46.50 and last traded at $44.46. 8,033 shares changed hands during trading, a decline of 71% from the average session volume of 28,157 shares. The stock had previously closed at $43.86.

Smith-Midland Stock Up 1.4 %

The company has a market capitalization of $235.86 million, a P/E ratio of 36.74 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.78 and a quick ratio of 2.28. The company has a 50 day moving average of $42.41 and a 200-day moving average of $35.68.

Institutional Investors Weigh In On Smith-Midland

A number of large investors have recently made changes to their positions in the business. Barclays PLC raised its holdings in shares of Smith-Midland by 236.3% during the third quarter. Barclays PLC now owns 6,984 shares of the company’s stock valued at $233,000 after acquiring an additional 4,907 shares in the last quarter. Geode Capital Management LLC raised its holdings in Smith-Midland by 1.9% in the 3rd 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. State Street Corp raised its holdings in Smith-Midland by 8.2% in the 3rd 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. Needham Investment Management LLC lifted its position in shares of Smith-Midland by 13.5% in the 3rd quarter. Needham Investment Management LLC now owns 210,000 shares of the company’s stock worth $7,012,000 after purchasing an additional 25,000 shares during the period. Finally, PDT Partners LLC bought a new stake in shares of Smith-Midland during the 3rd quarter valued at about $254,000. 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.