Smart Sand (NASDAQ:SND) Shares Pass Below 50 Day Moving Average – Here’s Why

Smart Sand, Inc. (NASDAQ:SND) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.32 and traded as low as $2.27. Smart Sand shares last traded at $2.30, with a volume of 47,763 shares traded.

Smart Sand Stock Up 0.4 %

The company has a fifty day moving average price of $2.32 and a 200 day moving average price of $2.21. The company has a current ratio of 1.71, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Smart Sand

A number of institutional investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in Smart Sand during the fourth quarter valued at approximately $117,000. Jane Street Group LLC purchased a new stake in shares of Smart Sand in the 4th quarter valued at $41,000. Dimensional Fund Advisors LP grew its holdings in shares of Smart Sand by 30.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 506,974 shares of the company’s stock valued at $1,140,000 after purchasing an additional 118,370 shares during the last quarter. NewEdge Advisors LLC raised its position in Smart Sand by 533,771.4% in the 4th quarter. NewEdge Advisors LLC now owns 37,371 shares of the company’s stock worth $84,000 after purchasing an additional 37,364 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Smart Sand by 88.8% in the fourth quarter. Renaissance Technologies LLC now owns 390,679 shares of the company’s stock worth $879,000 after purchasing an additional 183,779 shares during the last quarter. Institutional investors own 35.21% of the company’s stock.

Smart Sand Company Profile

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.