Smith-Midland (NASDAQ:SMID) Shares Up 1.4% – Still a Buy?

Shares of Smith-Midland Co. (NASDAQ:SMID) traded up 1.4% during mid-day trading 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 Trading Down 0.8 %

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’s 50 day moving average is $42.65 and its 200 day moving average is $35.74. The stock has a market capitalization of $231.56 million, a price-to-earnings ratio of 36.07 and a beta of 1.35.

Hedge Funds Weigh In On Smith-Midland

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMID. Barclays PLC grew its holdings in shares of Smith-Midland by 236.3% during the 3rd 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 lifted its position 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 during the period. State Street Corp boosted its stake in Smith-Midland by 8.2% during the third quarter. State Street Corp now owns 54,543 shares of the company’s stock worth $1,821,000 after buying an additional 4,136 shares in the last quarter. Needham Investment Management LLC increased its holdings in Smith-Midland by 13.5% in the 3rd quarter. Needham Investment Management LLC now owns 210,000 shares of the company’s stock valued at $7,012,000 after buying an additional 25,000 shares during the period. Finally, PDT Partners LLC acquired a new position in shares of Smith-Midland in the 3rd quarter valued at $254,000. 49.94% of the stock is currently owned by 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.