Fairmount Santrol Holdings Inc. (NYSE:FMSA)’s share price reached a new 52-week low on Thursday . The stock traded as low as $2.55 and last traded at $2.55, with a volume of 7,970,921 shares trading hands. The stock had previously closed at $2.67.

Several equities analysts have weighed in on the company. BidaskClub upgraded Fairmount Santrol Holdings from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Royal Bank Of Canada restated a “buy” rating on shares of Fairmount Santrol Holdings in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) cut Fairmount Santrol Holdings from a “neutral” rating to a “sell” rating and cut their price target for the company from $11.00 to $2.00 in a report on Thursday, July 20th. Credit Suisse Group cut Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and cut their price target for the company from $12.00 to $4.00 in a report on Thursday, July 20th. Finally, Scotiabank cut Fairmount Santrol Holdings from a “focus stock” rating to an “outperform” rating and cut their price target for the company from $13.00 to $6.00 in a report on Wednesday, June 28th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $7.97.

The company’s market capitalization is $667.35 million. The company has a 50-day moving average price of $3.55 and a 200 day moving average price of $6.83.

Fairmount Santrol Holdings (NYSE:FMSA) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $233.20 million during the quarter, compared to analyst estimates of $231.16 million. Fairmount Santrol Holdings had a negative return on equity of 28.04% and a negative net margin of 6.11%. The business’s revenue was up 104.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.54) earnings per share. On average, equities analysts forecast that Fairmount Santrol Holdings Inc. will post $0.24 earnings per share for the current year.

Several large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of Fairmount Santrol Holdings by 1,028.8% in the first quarter. Bank of New York Mellon Corp now owns 8,723,582 shares of the industrial products company’s stock valued at $63,943,000 after buying an additional 7,950,771 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Fairmount Santrol Holdings by 317.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,584,513 shares of the industrial products company’s stock valued at $33,604,000 after buying an additional 3,486,174 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in shares of Fairmount Santrol Holdings during the first quarter valued at $19,630,000. Marshall Wace North America L.P. acquired a new position in shares of Fairmount Santrol Holdings during the first quarter valued at $19,630,000. Finally, Hartland & Co. LLC raised its position in shares of Fairmount Santrol Holdings by 28.1% in the first quarter. Hartland & Co. LLC now owns 12,735,359 shares of the industrial products company’s stock valued at $93,350,000 after buying an additional 2,795,699 shares during the last quarter. Institutional investors and hedge funds own 84.73% of the company’s stock.

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Fairmount Santrol Holdings Company Profile

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

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