Smith Midland CEO buys shares as Virginia data center work ramps up

nl.investing.com (Dutch)

Ashley Smith, CEO of Smith Midland Corp, purchased 1,275 shares on December 7, 2018, for $9,804, at $7.69 per share. The stock now trades at $26.09, representing significant appreciation. Smith directly owns 173,042 shares following the transaction. The company has a $139 million market capitalization and a P/E ratio of 18, considered undervalued by InvestingPro analysis. Smith-Midland recently began a data center production project near Fredericksburg, Virginia, with deliveries through 2026. It also secured three Virginia transport contracts worth over $2.7 million, though it received a Nasdaq non-compliance notice for a delayed quarterly report.


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Smith Midland CEO buys shares as Virginia data center work ramps up | News Minimalist