Smart Sand (NASDAQ:SND) Stock Price Crosses Below 50-Day Moving Average of $2.03

Shares of Smart Sand, Inc. (NASDAQ:SND) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.03 and traded as low as $1.91. Smart Sand shares last traded at $1.98, with a volume of 45,786 shares changing hands.

Analyst Ratings Changes

Separately, Piper Sandler dropped their target price on Smart Sand from $2.75 to $2.25 and set a “neutral” rating on the stock in a report on Monday, July 15th.

Smart Sand Stock Up 0.5 %

The stock has a fifty day moving average of $2.03 and a 200 day moving average of $2.08. The firm has a market capitalization of $84.30 million, a P/E ratio of 9.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.02.

Smart Sand (NASDAQ:SND) last released its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Smart Sand had a return on equity of 1.07% and a net margin of 0.44%. The business had revenue of $73.80 million during the quarter, compared to the consensus estimate of $68.15 million. During the same period last year, the business posted $0.17 earnings per share. On average, research analysts anticipate that Smart Sand, Inc. will post -0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Christopher M. Green sold 33,000 shares of Smart Sand stock in a transaction on Friday, August 16th. The stock was sold at an average price of $1.96, for a total value of $64,680.00. Following the completion of the transaction, the vice president now directly owns 46,352 shares in the company, valued at $90,849.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 32.30% of the company’s stock.

Hedge Funds Weigh In On Smart Sand

Several hedge funds have recently made changes to their positions in the stock. Cullen Investment Group LTD. purchased a new position in Smart Sand during the first quarter worth about $59,000. Acadian Asset Management LLC grew its position in Smart Sand by 16.4% during the second quarter. Acadian Asset Management LLC now owns 806,696 shares of the company’s stock worth $1,700,000 after buying an additional 113,440 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Smart Sand by 67.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 212,994 shares of the company’s stock worth $407,000 after buying an additional 85,636 shares in the last quarter. Ritholtz Wealth Management grew its position in Smart Sand by 65.4% during the second quarter. Ritholtz Wealth Management now owns 135,883 shares of the company’s stock worth $287,000 after buying an additional 53,716 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Smart Sand by 8.2% during the first quarter. Empowered Funds LLC now owns 127,027 shares of the company’s stock worth $243,000 after buying an additional 9,592 shares in the last quarter. 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.