StockNews.com upgraded shares of Smart Sand (NASDAQ:SND - Free Report) from a hold rating to a buy rating in a research note released on Wednesday.
Smart Sand Stock Up 0.9 %
SND stock traded up $0.02 during midday trading on Wednesday, reaching $2.16. 181,980 shares of the company's stock traded hands, compared to its average volume of 124,650. The company has a market cap of $92.71 million, a price-to-earnings ratio of -15.43 and a beta of 1.03. The firm's fifty day moving average price is $2.32 and its 200-day moving average price is $2.23. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. Smart Sand has a 52 week low of $1.73 and a 52 week high of $2.80.
Smart Sand (NASDAQ:SND - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. The business had revenue of $91.36 million during the quarter, compared to analyst estimates of $65.90 million. Smart Sand had a negative net margin of 1.96% and a negative return on equity of 1.74%. As a group, sell-side analysts forecast that Smart Sand will post 0.07 earnings per share for the current fiscal year.
Institutional Trading of Smart Sand
A number of hedge funds and other institutional investors have recently bought and sold shares of SND. Millennium Management LLC bought a new stake in shares of Smart Sand in the 4th quarter worth $117,000. Jane Street Group LLC bought a new stake in shares of Smart Sand in the 4th quarter worth $41,000. Dimensional Fund Advisors LP grew its stake in shares of Smart Sand by 30.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 506,974 shares of the company's stock worth $1,140,000 after acquiring an additional 118,370 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Smart Sand by 533,771.4% in the 4th quarter. NewEdge Advisors LLC now owns 37,371 shares of the company's stock worth $84,000 after acquiring an additional 37,364 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Smart Sand by 88.8% in the 4th quarter. Renaissance Technologies LLC now owns 390,679 shares of the company's stock worth $879,000 after acquiring an additional 183,779 shares in the last quarter. Institutional investors own 35.21% of the company's stock.
Smart Sand Company Profile
(
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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.
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