U.S. Silica Holdings (NYSE:SLCA) is now trading -85.10% off 52-week high price. On the other end, the stock has been noted 179.75% away from the low price over the last 52-weeks. The stock changed 7.28% to recent value of $2.21. The stock transacted 1609959 shares during most recent day however it has an average volume of 2.51M shares. The company has 73.34M of outstanding shares and 69.02M shares were floated in the market.
On May 08, 2020, U.S. Silica Holdings (NYSE:SLCA) reported that its Board of Directors has elected to suspend the Company’s quarterly cash dividend of $0.02 per common share until further notice.
U.S. Silica took this action as part of the Company’s strategy to preserve capital and tightly manage its liquidity in a challenging commodity price environment.
A great deal of thought and deliberation went into this decision and we fully understand its importance to our shareholders, said Bryan Shinn, chief executive officer. We believe that suspending our dividend at this time is in the best interest of the Company and shareholders as it allows us to preserve and invest that capital in opportunities within our industrial business that will generate higher long-term shareholder returns.
Its earnings per share (EPS) expected to touch remained -71.00% for this year. SLCA has a gross margin of 23.10% and an operating margin of -17.90% while its profit margin remained -19.80% for the last 12 months.
According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 32.65% from the mean of 20 days, 16.09% from mean of 50 days SMA and performed -64.13% from mean of 200 days price. Company’s performance for the week was -5.56%, 58.99% for month and YTD performance remained -64.07%.