Fairmount Santrol Holdings Inc. (NYSE:FMSA) reached a new 52-week low during trading on Thursday . The stock traded as low as $2.55 and last traded at $2.55, with a volume of 7,970,921 shares traded. The stock had previously closed at $2.67.

Several research firms recently commented on FMSA. ValuEngine downgraded shares of Fairmount Santrol Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, May 31st. Jefferies Group LLC set a $8.00 target price on shares of Fairmount Santrol Holdings and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Guggenheim downgraded shares of Fairmount Santrol Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. BidaskClub upgraded shares of Fairmount Santrol Holdings from a “strong sell” rating to a “sell” rating in a research report on Monday. Finally, Evercore ISI initiated coverage on shares of Fairmount Santrol Holdings in a research report on Thursday, May 25th. They issued an “in-line” rating and a $6.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.97.

The stock’s 50-day moving average price is $3.55 and its 200-day moving average price is $6.83. The company’s market cap is $593.45 million.

Fairmount Santrol Holdings (NYSE:FMSA) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $233.20 million for the quarter, compared to analysts’ expectations of $231.16 million. Fairmount Santrol Holdings had a negative return on equity of 91.27% and a negative net margin of 24.91%. The company’s revenue for the quarter was up 104.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.54) EPS. Analysts expect that Fairmount Santrol Holdings Inc. will post $0.24 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. FMR LLC purchased a new stake in shares of Fairmount Santrol Holdings during the fourth quarter valued at about $14,216,000. Guggenheim Capital LLC increased its position in Fairmount Santrol Holdings by 161.4% in the fourth quarter. Guggenheim Capital LLC now owns 169,552 shares of the industrial products company’s stock valued at $1,999,000 after buying an additional 104,695 shares in the last quarter. AQR Capital Management LLC increased its position in Fairmount Santrol Holdings by 84.0% in the fourth quarter. AQR Capital Management LLC now owns 119,958 shares of the industrial products company’s stock valued at $1,414,000 after buying an additional 54,748 shares in the last quarter. Quadrature Capital Ltd bought a new position in Fairmount Santrol Holdings during the fourth quarter valued at $922,000. Finally, UBS Asset Management Americas Inc. increased its position in Fairmount Santrol Holdings by 35.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 46,739 shares of the industrial products company’s stock valued at $551,000 after buying an additional 12,139 shares in the last quarter. 84.73% of the stock is currently owned by institutional investors and hedge funds.

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Fairmount Santrol Holdings Company Profile

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

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