Smart Sand (NASDAQ:SND) Stock Price Crosses Below 50-Day Moving Average - Here's What Happened

Shares of Smart Sand, Inc. (NASDAQ:SND - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.09 and traded as low as $2.03. Smart Sand shares last traded at $2.07, with a volume of 122,139 shares traded.

Analyst Upgrades and Downgrades

Separately, Piper Sandler dropped their price objective on Smart Sand from $2.75 to $2.25 and set a "neutral" rating on the stock in a research note on Monday, July 15th.

Smart Sand Price Performance

The stock has a 50 day moving average of $2.09 and a 200-day moving average of $2.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.66. The company has a market cap of $87.15 million, a PE ratio of 51.75 and a beta of 1.07.

Smart Sand (NASDAQ:SND - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. Smart Sand had a return on equity of 1.07% and a net margin of 0.44%. The company had revenue of $73.80 million during the quarter, compared to analysts' expectations of $68.15 million. During the same period last year, the business earned $0.17 earnings per share. Equities analysts predict that Smart Sand, Inc. will post 0.03 earnings per share for the current year.

Smart Sand Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were paid a $0.10 dividend. This represents a dividend yield of 4.52%. The ex-dividend date of this dividend was Tuesday, October 15th.

Insider Buying and Selling at Smart Sand

In other news, VP Christopher M. Green sold 33,000 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $1.96, for a total transaction of $64,680.00. Following the completion of the sale, the vice president now owns 46,352 shares in the company, valued at $90,849.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Smart Sand

Institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC purchased a new position in shares of Smart Sand during the second quarter worth about $294,000. Dimensional Fund Advisors LP boosted its stake in Smart Sand by 36.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company's stock worth $634,000 after purchasing an additional 80,787 shares during the period. Acadian Asset Management LLC increased its stake in Smart Sand by 16.4% in the second quarter. Acadian Asset Management LLC now owns 806,696 shares of the company's stock valued at $1,700,000 after purchasing an additional 113,440 shares during the period. Ritholtz Wealth Management boosted its stake in shares of 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 during the period. Finally, Sara Bay Financial acquired a new position in Smart Sand in the 2nd quarter valued at about $53,000. 35.21% of the stock is owned by hedge funds and other institutional investors.

About Smart Sand

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.