Smart Sand (NASDAQ:SND) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Smart Sand, Inc. (NASDAQ:SND) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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 trading hands.

Analyst Ratings Changes

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 Stock Down 1.9 %

The stock has a 50 day moving average of $2.09 and a 200-day moving average of $2.10. The firm has a market capitalization of $87.15 million, a P/E ratio of 50.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.66.

Smart Sand (NASDAQ:SND) last posted its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $73.80 million during the quarter, compared to analyst estimates of $68.15 million. Smart Sand had a return on equity of 1.07% and a net margin of 0.44%. During the same quarter in the previous year, the firm earned $0.17 EPS. Research analysts predict that Smart Sand, Inc. will post 0.03 earnings per share for the current fiscal year.

Smart Sand Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.10 per share. This represents a dividend yield of 4.52%. The ex-dividend date was Tuesday, October 15th.

Insider Transactions at Smart Sand

In other news, VP Christopher M. Green sold 33,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $1.96, for a total transaction of $64,680.00. Following the completion of the transaction, the vice president now owns 46,352 shares of the company’s stock, valued at approximately $90,849.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.30% of the stock is owned by insiders.

Institutional Trading of Smart Sand

A number of hedge funds have recently bought and sold shares of the company. Sara Bay Financial bought a new stake in Smart Sand in the second quarter valued at approximately $53,000. Empowered Funds LLC lifted its position in Smart Sand by 8.2% in the first quarter. Empowered Funds LLC now owns 127,027 shares of the company’s stock valued at $243,000 after purchasing an additional 9,592 shares during the last quarter. Ritholtz Wealth Management lifted its position in Smart Sand by 65.4% in the second quarter. Ritholtz Wealth Management now owns 135,883 shares of the company’s stock valued at $287,000 after purchasing an additional 53,716 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in Smart Sand in the second quarter valued at approximately $294,000. Finally, O Shaughnessy Asset Management LLC lifted its position in Smart Sand by 67.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 212,994 shares of the company’s stock valued at $407,000 after purchasing an additional 85,636 shares during the last quarter. Institutional investors own 35.21% of the company’s stock.

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.