Smith-Midland (NASDAQ:SMID – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.27 EPS for the quarter, Zacks reports. Smith-Midland had a net margin of 8.52% and a return on equity of 17.71%.
Smith-Midland Stock Up 2.3%
Shares of NASDAQ SMID traded up $0.66 during mid-day trading on Tuesday, reaching $29.97. 16,728 shares of the company traded hands, compared to its average volume of 11,791. Smith-Midland has a fifty-two week low of $25.03 and a fifty-two week high of $51.96. 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 fifty day moving average is $30.83 and its two-hundred day moving average is $37.15. The stock has a market cap of $158.99 million, a PE ratio of 24.77 and a beta of 1.63.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Smith-Midland from a “hold” rating to a “buy” rating in a research note on Saturday.
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.
Read More
- Five stocks we like better than Smith-Midland
- Why Invest in High-Yield Dividend Stocks?
- 3 Beaten-Down Stocks Trading 50% Below Their 52-Week Highs
- EV Stocks and How to Profit from Them
- Tesla: Why Analysts Think It Could Jump Another 47%
- Where Do I Find 52-Week Highs and Lows?
- Microsoft’s Outlook Brightens as Analysts Boost Bullish Ratings
Receive News & Ratings for Smith-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith-Midland and related companies with MarketBeat.com's FREE daily email newsletter.
