Smart Sand (NASDAQ:SND) Share Price Passes Below Fifty Day Moving Average of $1.71

Smart Sand, Inc. (NASDAQ:SND – Get Rating)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.71 and traded as low as $1.57. Smart Sand shares last traded at $1.61, with a volume of 95,346 shares traded.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Smart Sand from a “buy” rating to a “hold” rating in a research note on Saturday.

Smart Sand Trading Down 0.9 %

The company has a quick ratio of 0.91, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. The firm’s 50 day simple moving average is $1.71 and its two-hundred day simple moving average is $1.85. The stock has a market cap of $66.54 million, a P/E ratio of 53.68 and a beta of 1.47.

Smart Sand (NASDAQ:SND – Get Rating) last released its quarterly earnings results on Tuesday, February 28th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.08. The business had revenue of $73.83 million during the quarter, compared to analyst estimates of $63.35 million. Smart Sand had a net margin of 0.55% and a return on equity of 0.68%. As a group, equities research analysts predict that Smart Sand, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Clearlake Capital Group, L.P. sold 5,175,688 shares of the company’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $1.72, for a total value of $8,902,183.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 49.40% of the company’s stock.

Hedge Funds Weigh In On Smart Sand

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Smart Sand by 18.9% during the 3rd quarter. Vanguard Group Inc. now owns 887,694 shares of the company’s stock valued at $1,385,000 after purchasing an additional 141,133 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in Smart Sand in the third quarter valued at about $960,000. Wellington Management Group LLP purchased a new position in Smart Sand in the first quarter valued at about $1,032,000. Millennium Management LLC grew its stake in Smart Sand by 284.3% in the second quarter. Millennium Management LLC now owns 518,697 shares of the company’s stock valued at $1,037,000 after purchasing an additional 383,709 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Smart Sand by 36.7% in the first quarter. Renaissance Technologies LLC now owns 385,000 shares of the company’s stock valued at $678,000 after purchasing an additional 103,339 shares in the last quarter. Institutional investors own 30.06% of the company’s stock.

About Smart Sand

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Smart Sand, Inc engages in supplying frac sand and related services. The firm offers complete mine to wellsite proppant supply and logistics solutions. It supplies industrial sand to the oil and gas industry. The company was founded on July 19, 2011 and is headquartered in Spring, TX.