Wall Street Zen Downgrades Smart Sand (NASDAQ:SND) to Hold

Smart Sand (NASDAQ:SND – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Smart Sand in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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Smart Sand Stock Performance

Shares of Smart Sand stock opened at $4.31 on Friday. The company’s fifty day simple moving average is $4.85 and its 200-day simple moving average is $4.79. The stock has a market capitalization of $185.27 million, a PE ratio of 7.84 and a beta of 0.27. Smart Sand has a 1-year low of $1.76 and a 1-year high of $5.92. 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 – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $93.11 million for the quarter.

Hedge Funds Weigh In On Smart Sand

A number of hedge funds have recently modified their holdings of SND. Goldman Sachs Group Inc. bought a new stake in shares of Smart Sand during the 1st quarter valued at $26,000. Squarepoint Ops LLC purchased a new position in shares of Smart Sand during the 4th quarter valued at $57,000. Balyasny Asset Management L.P. bought a new position in Smart Sand in the 4th quarter worth $59,000. LPL Financial LLC increased its stake in Smart Sand by 36.7% in the 4th quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock worth $60,000 after buying an additional 4,000 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in Smart Sand in the 4th quarter worth $71,000. 35.21% of the stock is currently owned by institutional investors.

Smart Sand Company Profile

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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.

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