Smart Sand (NASDAQ:SND) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?
by Teresa Graham · The Cerbat GemShares of Smart Sand (NASDAQ:SND – Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.76 and traded as low as $4.76. Smart Sand shares last traded at $4.81, with a volume of 270,573 shares traded.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on SND shares. Weiss Ratings raised Smart Sand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Wall Street Zen cut Smart Sand from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.
Read Our Latest Stock Analysis on Smart Sand
Smart Sand Stock Performance
The firm has a market capitalization of $206.78 million, a price-to-earnings ratio of 160.33 and a beta of 0.41. The company has a fifty day moving average of $4.76 and a two-hundred day moving average of $4.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.14 and a current ratio of 1.76.
Smart Sand (NASDAQ:SND – Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.06. Smart Sand had a negative return on equity of 8.67% and a net margin of 0.41%.The business had revenue of $86.05 million during the quarter, compared to analysts’ expectations of $60.00 million.
Smart Sand Announces Dividend
The company also recently disclosed a special dividend, which was paid on Tuesday, May 5th. Investors of record on Wednesday, April 22nd were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 22nd.
Smart Sand announced that its Board of Directors has authorized a share repurchase program on Thursday, February 26th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 8.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
Insiders Place Their Bets
In related news, Director Francis Michael Porcelli sold 75,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $3.87, for a total transaction of $290,250.00. Following the sale, the director owned 744,060 shares in the company, valued at $2,879,512.20. The trade was a 9.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 375,000 shares of company stock worth $1,485,250. Insiders own 34.00% of the company’s stock.
Institutional Investors Weigh In On Smart Sand
A number of hedge funds and other institutional investors have recently bought and sold shares of SND. Goldman Sachs Group Inc. bought a new stake in Smart Sand during the 1st quarter worth $26,000. Squarepoint Ops LLC bought a new stake in Smart Sand during the 4th quarter worth $57,000. Balyasny Asset Management L.P. bought a new stake in Smart Sand during the 4th quarter worth $59,000. LPL Financial LLC grew its position in Smart Sand by 36.7% during the 4th quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock worth $60,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in Smart Sand during the 4th quarter worth about $71,000. Institutional investors own 35.21% of the company’s stock.
Smart Sand Company Profile
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.