Smart Sand (NASDAQ:SND) Stock Rating Upgraded by Wall Street Zen

Smart Sand (NASDAQ:SND) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a research report on Monday, July 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Smart Sand Trading Up 1.5%

NASDAQ:SND opened at $4.59 on Friday. 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 has a one year low of $1.82 and a one year high of $5.92. The business’s 50-day simple moving average is $4.81 and its 200 day simple moving average is $4.81. The stock has a market cap of $197.32 million, a price-to-earnings ratio of 8.35 and a beta of 0.30.

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

Institutional Investors Weigh In On Smart Sand

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new position in Smart Sand in the first quarter valued at approximately $26,000. Squarepoint Ops LLC acquired a new stake in shares of Smart Sand during the 4th quarter worth approximately $57,000. Balyasny Asset Management L.P. acquired a new stake in shares of Smart Sand during the 4th quarter worth approximately $59,000. LPL Financial LLC lifted its holdings in shares of Smart Sand by 36.7% in the 4th quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock worth $60,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Smart Sand in the 4th quarter worth approximately $71,000. Institutional investors and hedge funds own 35.21% of the company’s stock.

About Smart Sand

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.