Ramaco Resources (NASDAQ:METCB) Hits New 1-Year Low – What’s Next?

Shares of Ramaco Resources, Inc. (NASDAQ:METCB) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.42 and last traded at $7.76, with a volume of 54524 shares traded. The stock had previously closed at $7.72.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ramaco Resources in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Ramaco Resources Trading Up 0.5%

The business’s 50-day simple moving average is $9.87 and its two-hundred day simple moving average is $11.05. The firm has a market capitalization of $505.76 million, a price-to-earnings ratio of -7.05 and a beta of 1.11. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06.

Ramaco Resources (NASDAQ:METCB) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.30) EPS for the quarter. The company had revenue of $121.61 million during the quarter. Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC lifted its stake in Ramaco Resources by 52.7% during the fourth quarter. First Eagle Investment Management LLC now owns 467,126 shares of the company’s stock worth $5,489,000 after purchasing an additional 161,292 shares during the last quarter. Simcoe Capital LLC purchased a new position in Ramaco Resources in the fourth quarter valued at approximately $1,892,000. Lunt Capital Management Inc. purchased a new position in Ramaco Resources in the fourth quarter valued at approximately $148,000. Byrne Asset Management LLC raised its holdings in Ramaco Resources by 165.3% during the fourth quarter. Byrne Asset Management LLC now owns 27,100 shares of the company’s stock worth $318,000 after purchasing an additional 16,886 shares in the last quarter. Finally, Acuitas Investments LLC raised its holdings in Ramaco Resources by 1.2% during the third quarter. Acuitas Investments LLC now owns 182,621 shares of the company’s stock worth $3,077,000 after purchasing an additional 2,163 shares in the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.

Ramaco Resources Company Profile

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.