Wall Street Zen downgraded shares of Smart Sand (NASDAQ:SND - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning.
Smart Sand Stock Performance
Shares of NASDAQ:SND remained flat at $1.84 during midday trading on Thursday. The stock had a trading volume of 54,903 shares, compared to its average volume of 134,518. Smart Sand has a 52-week low of $1.73 and a 52-week high of $2.80. The stock has a market cap of $81.11 million, a P/E ratio of -13.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 1.71. The company has a 50-day simple moving average of $2.12 and a two-hundred day simple moving average of $2.24.
Smart Sand (NASDAQ:SND - Get Free Report) last announced 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). Smart Sand had a negative net margin of 1.96% and a negative return on equity of 1.74%. The business had revenue of $65.56 million for the quarter, compared to analysts' expectations of $60.00 million. As a group, research analysts forecast that Smart Sand will post 0.07 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC purchased a new position in shares of Smart Sand during the 4th quarter valued at approximately $25,000. Kingswood Wealth Advisors LLC acquired a new position in Smart Sand in the 4th quarter valued at $25,000. Goldman Sachs Group Inc. acquired a new position in Smart Sand in the 1st quarter valued at $26,000. Quartz Partners LLC acquired a new position in Smart Sand in the 4th quarter valued at $29,000. Finally, D Orazio & Associates Inc. acquired a new position in Smart Sand in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 35.21% of the company's stock.
About Smart Sand
(
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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.
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