Smith-Midland Corp. (OTCMKTS:SMID) Posts Quarterly Earnings Results
Smith-Midland Corp. (OTCMKTS:SMID) posted its quarterly earnings data on Thursday. The construction company reported $0.14 EPS for the quarter, Bloomberg Earnings reports. Smith-Midland Corp. had a net margin of 9.11% and a return on equity of 27.64%. The business had revenue of $10.70 million during the quarter.
Shares of Smith-Midland Corp. (SMID) traded down 1.98% during mid-day trading on Friday, reaching $6.92. 12,950 shares of the company traded hands. The company has a market capitalization of $34.52 million, a P/E ratio of 9.30 and a beta of 0.38. The firm’s 50 day moving average price is $7.60 and its 200-day moving average price is $6.92. Smith-Midland Corp. has a 52-week low of $2.97 and a 52-week high of $9.00.
In other news, Director Wesley A. Taylor sold 20,083 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $7.56, for a total transaction of $151,827.48. Following the completion of the transaction, the director now directly owns 46,067 shares in the company, valued at approximately $348,266.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Rodney I. Smith sold 4,700 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $7.70, for a total value of $36,190.00. Following the transaction, the chief executive officer now owns 752,798 shares of the company’s stock, valued at $5,796,544.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,683 shares of company stock valued at $370,814. Company insiders own 21.10% of the company’s stock.
Smith-Midland Corp. Company Profile
Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells and installs a range of precast concrete products for use in the construction, highway, utilities and farming industries, through its subsidiaries. The Company’s precast and barrier rental customers are primarily general contractors and federal, state, and local transportation authorities located in the Mid-Atlantic, Northeastern, Midwestern and Southeastern regions of the United States.
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