Smart Sand (NASDAQ:SND - Get Free Report) dropped 1.9% on Friday . The company traded as low as $2.02 and last traded at $2.03. Approximately 37,351 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 139,766 shares. The stock had previously closed at $2.07.
Analysts Set New Price Targets
Separately, Wall Street Zen cut Smart Sand from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd.
Read Our Latest Report on SND
Smart Sand Price Performance
The company has a current ratio of 1.75, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $89.48 million, a PE ratio of -3.76 and a beta of 0.85. The company has a fifty day moving average price of $1.98 and a two-hundred day moving average price of $2.17.
Smart Sand (NASDAQ:SND - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.59). The company had revenue of $65.56 million for the quarter, compared to analysts' expectations of $60.00 million. Smart Sand had a negative net margin of 7.15% and a negative return on equity of 8.30%. Sell-side analysts forecast that Smart Sand will post 0.07 earnings per share for the current year.
Hedge Funds Weigh In On Smart Sand
A number of large investors have recently modified their holdings of the business. LPL Financial LLC purchased a new position in Smart Sand in the fourth quarter worth $25,000. Goldman Sachs Group Inc. purchased a new position in Smart Sand in the first quarter worth $26,000. Jane Street Group LLC purchased a new position in Smart Sand in the fourth quarter worth $41,000. NewEdge Advisors LLC raised its position in Smart Sand by 533,771.4% in the fourth quarter. NewEdge Advisors LLC now owns 37,371 shares of the company's stock worth $84,000 after acquiring an additional 37,364 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Smart Sand in the fourth quarter worth $117,000. 35.21% of the stock is owned by hedge funds and other institutional investors.
Smart Sand Company Profile
(
Get Free Report)
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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