Smart Sand (NASDAQ:SND) Downgraded by Wall Street Zen to "Hold"

Wall Street Zen lowered shares of Smart Sand (NASDAQ:SND - Free Report) from a strong-buy rating to a hold rating in a research report report published on Thursday morning.

Smart Sand Stock Performance

Shares of SND stock traded down $0.03 during trading hours on Thursday, reaching $1.81. 154,984 shares of the company's stock were exchanged, compared to its average volume of 134,600. The company has a market cap of $79.79 million, a P/E ratio of -12.93 and a beta of 0.97. The company's 50 day moving average is $2.11 and its two-hundred day moving average is $2.24. Smart Sand has a 1 year low of $1.73 and a 1 year high of $2.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 0.98.

Smart Sand (NASDAQ:SND - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.59). The business had revenue of $65.56 million for the quarter, compared to analysts' expectations of $60.00 million. Smart Sand had a negative return on equity of 1.74% and a negative net margin of 1.96%. Equities research analysts anticipate that Smart Sand will post 0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Smart Sand

A number of large investors have recently modified their holdings of the business. Empowered Funds LLC raised its stake in shares of Smart Sand by 4.8% during the 4th quarter. Empowered Funds LLC now owns 150,892 shares of the company's stock worth $340,000 after buying an additional 6,909 shares in the last quarter. Geode Capital Management LLC increased its stake in Smart Sand by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 433,251 shares of the company's stock valued at $975,000 after purchasing an additional 7,447 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Smart Sand in the 1st quarter valued at approximately $26,000. LPL Financial LLC purchased a new position in Smart Sand in the 4th quarter valued at approximately $25,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Smart Sand in the 4th quarter valued at approximately $25,000. 35.21% of the stock is owned by hedge funds and other institutional investors.

Smart Sand Company Profile

Smart Sand, Inc, an integrated frac and industrial sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides proppant logistics services; and wellsite storage solutions through SmartSystems products and services.