Fairmount Santrol Holdings (NYSE:FMSA) has tumbled 3.88% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 58.85% in the last four weeks. The stocks have underperformed the S&P 500 by 2.73% during the past week but Fairmount Santrol Holdings (NYSE:FMSA) it has outperformed the index in 4 weeks by 57.4%.
Fairmount Santrol Holdings (NYSE:FMSA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.05 and $7.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.18, notching a gain of 2.43% for the day. The total traded volume was 3,446,697 . The stock had closed at $7.01 on the previous day.
The company shares have dropped -21.10% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $9.20 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $5.26 and the 200 Day Moving Average price is recorded at $3.12.
On the companys insider trading activities,The director of Fairmount Santrol Holdings Inc., Kelly William Patrick sold 4,500 shares at $2.4 on December 10, 2015. The Insider selling transaction had a total value worth of $10,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm DA Davidson downgrades its rating on Fairmount Santrol Holdings (NYSE:FMSA). The rating major has initiated the coverage with underperform rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 16.2% of Fairmount Santrol Holdings shares according to the proxy statements. Institutional Investors own 12.25% of Fairmount Santrol Holdings shares.
Fairmount Santrol Holdings Inc., formerly FMSA Holdings Inc., is a provider of sand-based proppant solutions. The Companys operations are organized into two segments: Proppant Solutions and Industrial and Recreational (I&R) Products. The Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States, Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates. The I&R segment provides raw, coated and custom blended sands to the foundry, building products, glass, turf and landscape, and filtration industries primarily in North America. It develops proppants used by exploration and production (E&P) companies to enhance the productivity of their oil and gas wells. It offers a range of proppants, including sand and a spectrum of resin-coated products. It offers sand-based products to end users in the foundry, glass, building products, and sports and recreation markets (collectively, the I&R markets).