Smart Sand (NASDAQ:SND) Stock Price Up 2.1% – What’s Next?

Shares of Smart Sand (NASDAQ:SND) rose 2.1% during mid-day trading on Tuesday . The company traded as high as $4.81 and last traded at $4.76. Approximately 431,751 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 532,313 shares. The stock had previously closed at $4.66.

Analysts Set New Price Targets

SND has been the subject of several recent research reports. Wall Street Zen upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Smart Sand from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Smart Sand Price Performance

The firm has a market capitalization of $205.49 million, a P/E ratio of 8.69 and a beta of 0.27. The business has a fifty day moving average of $4.97 and a 200-day moving average of $4.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.66.

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

Institutional Investors Weigh In On Smart Sand

A number of hedge funds and other institutional investors have recently modified their holdings of SND. Gendell Jeffrey L increased its stake in Smart Sand by 16.0% during the 4th quarter. Gendell Jeffrey L now owns 3,126,915 shares of the company’s stock valued at $12,508,000 after buying an additional 430,507 shares during the period. Marshall Wace LLP bought a new position in shares of Smart Sand in the fourth quarter valued at approximately $1,539,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Smart Sand by 59.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 798,823 shares of the company’s stock valued at $4,090,000 after acquiring an additional 298,017 shares in the last quarter. Informed Momentum Co LLC acquired a new position in shares of Smart Sand during the fourth quarter valued at approximately $961,000. Finally, Truffle Hound Capital LLC bought a new stake in Smart Sand during the fourth quarter worth approximately $880,000. 35.21% of the stock is currently owned by 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.