Alert: Major Price Decline (12/12/23)-Smith-Midland Corp (NASDAQ: SMID).


Smith-Midland Corp (NASDAQ: SMID) stock suffered a major decline of -12.4% on 12/12/23. The shares closed at $31.92. Moreover, trading volume in this decline was exceptionally high at 300% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.7% during the last week.


Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, SMID is expected to be Value Creation neutral.

Smith-Midland has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Smith-Midland has a very low Appreciation Score of 3 but a very high Power Rating of 97, producing the Neutral Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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