Large Outflow of Money Witnessed in Fairmount Santrol Holdings Inc.

Fairmount Santrol Holdings Inc. (FMSA) surged 1.76% during the last session. The last traded price was up 0.22 points at $12.74. The data for the fund flow suggests that the net intraday money flow was $(-4.35) million. The fund value in upticks was recorded to be $6.75 million and in downticks, it was found to be $11.1 million. The up/down ratio for the day was measured to be 0.61. For the week, the shares have seen a percentage change of 0%.A block trade of $(-3.21) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $2.22 million and that of downticks was $5.43 million. The block tradeoff had the up/down ratio of 0.41.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Fairmount Santrol Holdings Inc. has dropped 1.77% in the last five trading days, however, the shares have posted positive gains of 8.06% in the last 4 weeks. Fairmount Santrol Holdings Inc. is up 48.31% in the last 3-month period. Year-to-Date the stock performance stands at 8.06%. Fairmount Santrol Holdings Inc. (NYSE:FMSA) rose 1.76% or 0.22 points on Wednesday and made its way into the gainers of the day. After trading began at $12.72 the stock was seen hitting $12.8 as a peak level and $12.355 as the lowest level. The stock ended up at $12.74. The daily volume was measured at 3,697,069 shares. The 52-week high of the share price is $13.12 and the 52-week low is $1.49. The company has a market cap of $2,840 million.

Company has reported several Insider transactions to the SEC, on Jul 28, 2016, Charles D. Fowler (director) purchased 1,666,666 shares at 5.95 per share price.On Dec 11, 2015, William Patrick Kelly (director) sold 4,500 shares at 2.40 per share price.On May 18, 2015, William E. Conway (director) purchased 30,000 shares at 9.22 per share price.

Fairmount Santrol Holdings Inc Last issued its quarterly earnings results on Nov 3, 2016. The company reported $-0.11 EPS for the quarter. Analyst had a consensus estimate of $-0.11. The company had revenue of $134.80 million for the quarter, compared to analysts expectations of $138.83 million. The companys revenue was down -21.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Barclays on Jan 9, 2017 to Overweight, Raises Price Target to $ 15 from a previous price target of $10 .Fairmount Santrol Holdings Inc was Upgraded by Johnson Rice to Buy on Dec 9, 2016. Fairmount Santrol Holdings Inc was Upgraded by Credit Suisse to Outperform on Nov 7, 2016.

Fairmount Santrol Holdings Inc. provides sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. Its operating segment consists of Proppant Solutions and Industrial and Recreational Products. Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations. I&R segment provides raw, coated and custom blended sands to the foundry, building products, glass, turf and landscape and filtration industries. Fairmount Santrol Holdings Inc., formerly known as FMSA Holdings Inc., is headquartered in Chesterland, Ohio.


Share this post

Leave a Reply