StockNews.com Initiates Coverage on U.S. Silica (NYSE:SLCA)

StockNews.com began coverage on shares of U.S. Silica (NYSE:SLCA) in a research note published on Monday. The brokerage issued a hold rating on the mining company’s stock.

Separately, Citigroup upped their price target on U.S. Silica from $13.50 to $15.50 and gave the company a neutral rating in a research report on Wednesday, May 1st.

U.S. Silica Price Performance

NYSE SLCA opened at $15.49 on Monday. The company has a market cap of $1.21 billion, a PE ratio of 10.54 and a beta of 1.99. The company has a quick ratio of 2.74, a current ratio of 3.62 and a debt-to-equity ratio of 0.92. The firm’s 50-day simple moving average is $15.47 and its two-hundred day simple moving average is $14.22. U.S. Silica has a 52 week low of $10.09 and a 52 week high of $16.03.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quest Partners LLC purchased a new position in U.S. Silica in the 2nd quarter worth approximately $26,000. GAMMA Investing LLC bought a new stake in shares of U.S. Silica during the 4th quarter worth $41,000. Innealta Capital LLC purchased a new position in U.S. Silica in the second quarter worth $68,000. SG Americas Securities LLC bought a new position in U.S. Silica in the second quarter valued at $147,000. Finally, Wolverine Asset Management LLC purchased a new stake in U.S. Silica during the second quarter valued at about $173,000. 87.77% of the stock is currently owned by institutional investors.

About U.S. Silica

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments: Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.