Fairmount Santrol Holdings (FMSA) : Traders are bullish on Fairmount Santrol Holdings (FMSA) as it has outperformed the S&P 500 by a wide margin of 9.41% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.13% in the last 1 week, and is up 10.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 9.29% and the 50-Day Moving Average is 3.66%. Fairmount Santrol Holdings (NYSE:FMSA): On Fridays trading session , Opening price of the stock was $7.68 with an intraday high of $7.74. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.29. However, the stock managed to close at $7.55, a loss of 0.79% for the day. On the previous day, the stock had closed at $7.61. The total traded volume of the day was 1,683,767 shares.
The company Insiders own 16.2% of Fairmount Santrol Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 4332.83% . Institutional Investors own 11.2% of Fairmount Santrol Holdings shares. During last six month period, the net percent change held by insiders has seen a change of 4332.83%. Also, Barclays initiates coverage on Fairmount Santrol Holdings (NYSE:FMSA). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm announces the price target at $9 per share. The rating by the firm was issued on August 10, 2016.
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).