Ramaco Resources (NASDAQ:METCB) Shares Gap Up – Should You Buy?

Ramaco Resources, Inc. (NASDAQ:METCB)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $12.42, but opened at $13.69. Ramaco Resources shares last traded at $13.6150, with a volume of 1,730 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ramaco Resources in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ramaco Resources currently has a consensus rating of “Sell”.

Ramaco Resources Trading Down 5.1%

The company has a 50 day moving average of $12.37 and a 200 day moving average of $13.98. The firm has a market cap of $832.92 million, a price-to-earnings ratio of -18.56 and a beta of 0.97. The company has a current ratio of 2.97, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24.

Ramaco Resources (NASDAQ:METCB) last issued its quarterly earnings data on Monday, October 27th. The company reported ($0.25) earnings per share (EPS) for the quarter. Ramaco Resources had a negative net margin of 5.67% and a negative return on equity of 7.52%. The company had revenue of $121.00 million for the quarter.

Institutional Investors Weigh In On Ramaco Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. Acuitas Investments LLC increased its holdings in shares of Ramaco Resources by 20.4% in the second quarter. Acuitas Investments LLC now owns 180,458 shares of the company’s stock valued at $1,476,000 after purchasing an additional 30,558 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Ramaco Resources during the second quarter worth $153,000. Wedge Capital Management L L P NC lifted its stake in shares of Ramaco Resources by 11.0% during the second quarter. Wedge Capital Management L L P NC now owns 177,367 shares of the company’s stock valued at $1,451,000 after acquiring an additional 17,578 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Ramaco Resources in the second quarter valued at about $152,000. Finally, Bank of America Corp DE increased its position in Ramaco Resources by 574.4% in the third quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock worth $54,000 after purchasing an additional 2,717 shares during the period. 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.