Smart Sand (NASDAQ:SND) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Shares of Smart Sand, Inc. (NASDAQ:SND) passed 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.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their price target on shares of Smart Sand from $2.75 to $2.25 and set a “neutral” rating on the stock in a research report on Monday, July 15th.

Smart Sand Stock Performance

The stock has a market cap of $88.13 million, a price-to-earnings ratio of 9.41 and a beta of 1.07. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $2.09 and a 200-day simple moving average of $2.10.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The business had revenue of $73.80 million for the quarter, compared to analysts’ expectations 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 last year, the business earned $0.17 earnings per share. Analysts forecast that Smart Sand, Inc. will post 0.03 EPS for the current fiscal year.

Smart Sand Dividend Announcement

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

Insider Activity

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

Institutional Investors Weigh In On Smart Sand

Several large investors have recently bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in shares of Smart Sand by 16.4% in the 2nd quarter. Acadian Asset Management LLC now owns 806,696 shares of the company’s stock valued at $1,700,000 after buying an additional 113,440 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Smart Sand by 36.7% in the second quarter. Dimensional Fund Advisors LP now owns 300,646 shares of the company’s stock worth $634,000 after acquiring an additional 80,787 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Smart Sand by 67.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 212,994 shares of the company’s stock worth $407,000 after acquiring an additional 85,636 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Smart Sand during the 2nd quarter valued at about $294,000. Finally, Ritholtz Wealth Management lifted its holdings in shares of Smart Sand by 65.4% during the 2nd 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 in 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.