Smith-Midland (NASDAQ:SMID) Trading 1.4% Higher - Time to Buy?

Smith-Midland Co. (NASDAQ:SMID - Get Free Report) shares rose 1.4% during trading on Wednesday . The stock traded as high as $46.50 and last traded at $44.46. Approximately 8,033 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 28,157 shares. The stock had previously closed at $43.86.

Smith-Midland Stock Performance

The stock's 50 day moving average is $42.65 and its two-hundred day moving average is $35.74. The stock has a market capitalization of $233.53 million, a price-to-earnings ratio of 36.38 and a beta of 1.35. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On Smith-Midland

Several institutional investors have recently bought and sold shares of SMID. Thompson Davis & CO. Inc. boosted its stake in shares of Smith-Midland by 5.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,750,964 shares of the company's stock worth $58,465,000 after buying an additional 83,535 shares during the last quarter. Needham Investment Management LLC raised its holdings in Smith-Midland by 13.5% during the third quarter. Needham Investment Management LLC now owns 210,000 shares of the company's stock worth $7,012,000 after acquiring an additional 25,000 shares in the last quarter. Geode Capital Management LLC boosted its position in Smith-Midland by 1.9% during the third quarter. Geode Capital Management LLC now owns 101,193 shares of the company's stock valued at $3,379,000 after purchasing an additional 1,866 shares during the last quarter. State Street Corp grew its stake in Smith-Midland by 8.2% in the third quarter. State Street Corp now owns 54,543 shares of the company's stock valued at $1,821,000 after purchasing an additional 4,136 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its position in shares of Smith-Midland by 22.7% during the 3rd quarter. Rice Hall James & Associates LLC now owns 51,731 shares of the company's stock worth $1,727,000 after purchasing an additional 9,578 shares during the last quarter. 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.