Smith-Midland Corp. (SMID) CEO Rodney I. Smith Sells 3,000 Shares

Smith-Midland Corp. (OTCMKTS:SMID) CEO Rodney I. Smith sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $7.66, for a total transaction of $22,980.00. Following the completion of the transaction, the chief executive officer now owns 759,598 shares in the company, valued at $5,818,520.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Smith-Midland Corp. (OTCMKTS SMID) traded up 3.76% during midday trading on Friday, hitting $6.90. 8,630 shares of the company were exchanged. The stock has a market capitalization of $34.59 million, a PE ratio of 8.69 and a beta of 0.38. Smith-Midland Corp. has a one year low of $3.18 and a one year high of $9.00. The firm’s 50-day moving average price is $7.48 and its 200-day moving average price is $6.97.

Smith-Midland Corp. (OTCMKTS:SMID) last released its quarterly earnings data on Thursday, August 10th. The construction company reported $0.14 earnings per share for the quarter. Smith-Midland Corp. had a net margin of 9.58% and a return on equity of 27.55%. The company had revenue of $10.70 million during the quarter.

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About Smith-Midland Corp.

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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