Smart Sand (NASDAQ:SND) Stock Rating Lowered by Wall Street Zen

Smart Sand (NASDAQ:SND) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Smart Sand in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Smart Sand Price Performance

SND stock opened at $3.86 on Friday. Smart Sand has a 52-week low of $1.76 and a 52-week high of $4.51. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $168.08 million, a price-to-earnings ratio of 42.89 and a beta of 0.38. The stock’s fifty day simple moving average is $2.96 and its 200-day simple moving average is $2.34.

Smart Sand (NASDAQ:SND) last released its earnings results on Wednesday, November 12th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.11. Smart Sand had a net margin of 1.16% and a negative return on equity of 7.55%. The firm had revenue of $0.09 million for the quarter, compared to analysts’ expectations of $60.00 million. Equities research analysts expect that Smart Sand will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new stake in shares of Smart Sand during the first quarter worth $26,000. Bailard Inc. acquired a new position in shares of Smart Sand during the second quarter worth about $50,000. Sei Investments Co. bought a new position in shares of Smart Sand during the second quarter worth about $82,000. Everstar Asset Management LLC bought a new stake in Smart Sand in the 1st quarter valued at approximately $141,000. Finally, Jane Street Group LLC boosted its position in Smart Sand by 348.8% during the 1st quarter. Jane Street Group LLC now owns 81,013 shares of the company’s stock worth $210,000 after acquiring an additional 62,961 shares during the last quarter. Institutional investors own 35.21% of the company’s stock.

About Smart Sand

Smart Sand, Inc (NASDAQ:SND) is a U.S.-based industrial mineral company specializing in the mining, processing and distribution of high-purity silica sand. The company’s primary business centers on the production of frac sand for the oil and gas industry, as well as specialty sand products for foundry, glass and construction applications. Through an integrated network of mines, processing plants and trans-load facilities, Smart Sand delivers precision-engineered sand solutions designed to meet stringent performance and purity requirements.

Smart Sand’s operations include flagship mining and processing facilities in Wisconsin, which supply Northern White silica sand, and production sites in Texas, strategically located to serve major U.S.