Smart Sand (NASDAQ:SND) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Smart Sand (NASDAQ:SND)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.89 and traded as low as $4.12. Smart Sand shares last traded at $4.13, with a volume of 552,862 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SND shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a research report on Monday, July 20th. Wall Street Zen raised Smart Sand from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Smart Sand Stock Up 0.2%

The business’s 50 day moving average price is $4.87 and its 200 day moving average price is $4.79. The firm has a market cap of $179.25 million, a PE ratio of 7.58 and a beta of 0.27. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.05.

Smart Sand (NASDAQ:SND) last released its earnings results on Tuesday, May 12th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $93.11 million during the quarter.

Smart Sand Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Tuesday, July 28th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, July 28th.

Institutional Trading of Smart Sand

Several large investors have recently added to or reduced their stakes in SND. Goldman Sachs Group Inc. purchased a new position in shares of Smart Sand during the 1st quarter worth $26,000. Squarepoint Ops LLC purchased a new stake in Smart Sand during the 4th quarter worth approximately $57,000. Balyasny Asset Management L.P. purchased a new position in Smart Sand in the 4th quarter valued at approximately $59,000. LPL Financial LLC grew its stake in shares of Smart Sand by 36.7% in the fourth quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock worth $60,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Smart Sand in the fourth quarter worth $71,000. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

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.