Smart Sand (NASDAQ:SND) Trading 8.7% Higher

Smart Sand Inc (NASDAQ:SND) shares traded up 8.7% during trading on Wednesday . The stock traded as high as $1.89 and last traded at $1.88, 194,951 shares were traded during mid-day trading. A decline of 16% from the average session volume of 231,600 shares. The stock had previously closed at $1.73.

Several research analysts have recently commented on the company. TheStreet upgraded Smart Sand from a “d” rating to a “c-” rating in a report on Monday, November 4th. ValuEngine upgraded Smart Sand from a “strong sell” rating to a “sell” rating in a report on Friday, January 3rd. Finally, Zacks Investment Research upgraded Smart Sand from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $4.13.

The stock has a market cap of $76.44 million, a PE ratio of 2.94 and a beta of 2.24. The company has a fifty day moving average price of $2.19 and a 200 day moving average price of $2.42. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.10.

In other news, Director Andrew R. Speaker sold 20,000 shares of Smart Sand stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $2.42, for a total value of $48,400.00. Following the transaction, the director now owns 1,147,267 shares in the company, valued at $2,776,386.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 47.80% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Smart Sand by 8.7% during the 2nd quarter. BlackRock Inc. now owns 1,586,643 shares of the company’s stock valued at $3,871,000 after purchasing an additional 126,964 shares during the period. Vanguard Group Inc. increased its holdings in Smart Sand by 44.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,350,913 shares of the company’s stock valued at $3,296,000 after purchasing an additional 418,800 shares during the period. Sprott Inc. increased its holdings in Smart Sand by 6.7% during the 4th quarter. Sprott Inc. now owns 800,000 shares of the company’s stock valued at $2,016,000 after purchasing an additional 50,000 shares during the period. Northern Trust Corp increased its holdings in Smart Sand by 5.4% during the 2nd quarter. Northern Trust Corp now owns 241,325 shares of the company’s stock valued at $588,000 after purchasing an additional 12,335 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Smart Sand by 338.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 201,756 shares of the company’s stock valued at $508,000 after purchasing an additional 155,788 shares during the period. Institutional investors own 32.63% of the company’s stock.

Smart Sand Company Profile (NASDAQ:SND)

Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.

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