Smart Sand (NASDAQ:SND) Cut to Hold at StockNews.com

StockNews.com cut shares of Smart Sand (NASDAQ:SND) from a buy rating to a hold rating in a report released on Tuesday.

Smart Sand Price Performance

Shares of NASDAQ:SND opened at $1.89 on Tuesday. The business has a fifty day moving average price of $2.17 and a 200-day moving average price of $2.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 0.98. The company has a market capitalization of $83.10 million, a PE ratio of -13.46 and a beta of 0.97. Smart Sand has a 1-year low of $1.73 and a 1-year high of $2.80.

Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.62) earnings per share 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 firm had revenue of $65.56 million for the quarter, compared to the consensus estimate of $60.00 million. As a group, equities analysts expect that Smart Sand will post 0.07 EPS for the current fiscal year.

Institutional Trading of Smart Sand

Institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC purchased a new position in shares of Smart Sand in the fourth quarter worth $25,000. Kingswood Wealth Advisors LLC purchased a new position in Smart Sand in the 4th quarter worth about $25,000. Quartz Partners LLC bought a new position in Smart Sand during the 4th quarter valued at about $29,000. D Orazio & Associates Inc. purchased a new stake in shares of Smart Sand during the 4th quarter valued at about $36,000. Finally, Jane Street Group LLC bought a new stake in shares of Smart Sand in the fourth quarter worth approximately $41,000. 35.21% of the stock is currently 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.