Smart Sand (NASDAQ:SND) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Smart Sand (NASDAQ:SND)’s stock price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $4.85 and traded as high as $5.00. Smart Sand shares last traded at $4.97, with a volume of 154,608 shares changing hands.

Analyst Ratings Changes

SND has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings upgraded Smart Sand from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Smart Sand has an average rating of “Buy”.

Smart Sand Price Performance

The firm has a market capitalization of $207.34 million, a P/E ratio of 18.81 and a beta of 0.36. The stock’s fifty day simple moving average is $5.14 and its 200 day simple moving average is $4.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.11.

Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.25 earnings per share (EPS) for the quarter. Smart Sand had a net margin of 2.71% and a return on equity of 4.41%. The firm had revenue of $115.05 million for the quarter.

Insider Activity

In other news, CFO Lee Beckelman sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $4.79, for a total value of $239,500.00. Following the completion of the sale, the chief financial officer owned 721,845 shares of the company’s stock, valued at $3,457,637.55. This trade represents a 6.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher M. Green sold 13,874 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $5.06, for a total value of $70,202.44. Following the completion of the sale, the vice president directly owned 34,293 shares of the company’s stock, valued at $173,522.58. The trade was a 28.80% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 91,844 shares of company stock worth $446,544. Insiders own 33.50% of the company’s stock.

Institutional Investors Weigh In On Smart Sand

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in shares of Smart Sand during the third quarter valued at about $26,000. Decision Investments Inc. acquired a new stake in Smart Sand in the 3rd quarter worth approximately $67,000. WINTON GROUP Ltd increased its stake in Smart Sand by 36.4% during the 2nd quarter. WINTON GROUP Ltd now owns 220,575 shares of the company’s stock valued at $1,105,000 after purchasing an additional 58,870 shares in the last quarter. Engineers Gate Manager LP raised its holdings in shares of Smart Sand by 83.5% in the second quarter. Engineers Gate Manager LP now owns 30,101 shares of the company’s stock worth $151,000 after buying an additional 13,697 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Smart Sand by 2,690,600.0% in the second quarter. NewEdge Advisors LLC now owns 26,907 shares of the company’s stock worth $135,000 after buying an additional 26,906 shares during the last quarter. 35.21% of the stock is currently owned by hedge funds and other institutional investors.

About Smart Sand

Smart Sand, Inc is a proppant and logistics company that supplies high-quality frac sand to the North American oil and natural gas industry. Its products are used in hydraulic fracturing to keep underground fractures open, helping producers access hydrocarbons from shale and other unconventional formations.

The company produces Northern White sand from its mining and processing operations in Wisconsin. Its offerings include various grades and sizes of frac sand, along with related storage, handling, transportation and delivery services.