Ramaco Resources (NASDAQ:METCB) Trading Down 5.4% – Should You Sell?

Ramaco Resources, Inc. (NASDAQ:METCB)’s stock price fell 5.4% during mid-day trading on Friday . The company traded as low as $11.15 and last traded at $10.9810. 7,745 shares were traded during trading, a decline of 82% from the average session volume of 42,740 shares. The stock had previously closed at $11.61.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Ramaco Resources in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Ramaco Resources Price Performance

The business’s fifty day moving average price is $12.81 and its 200-day moving average price is $13.94. The company has a market capitalization of $687.79 million, a P/E ratio of -10.56 and a beta of 1.03. The company has a current ratio of 5.46, a quick ratio of 4.66 and a debt-to-equity ratio of 0.95.

Ramaco Resources (NASDAQ:METCB) last released its earnings results on Wednesday, February 25th. The company reported ($0.26) EPS for the quarter. Ramaco Resources had a negative net margin of 9.59% and a negative return on equity of 11.36%. The firm had revenue of $128.01 million during the quarter.

Hedge Funds Weigh In On Ramaco Resources

Large investors have recently modified their holdings of the company. First Eagle Investment Management LLC purchased a new stake in shares of Ramaco Resources in the 3rd quarter valued at $5,153,000. Samalin Investment Counsel LLC purchased a new position in Ramaco Resources in the 3rd quarter worth approximately $972,000. Bank of America Corp DE lifted 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 valued at $54,000 after purchasing an additional 2,717 shares during the last quarter. Pingora Partners LLC boosted its stake in shares of Ramaco Resources by 10,988.3% during the fourth quarter. Pingora Partners LLC now owns 15,191 shares of the company’s stock valued at $178,000 after purchasing an additional 15,054 shares during the period. Finally, Simcoe Capital LLC bought a new position in shares of Ramaco Resources in the fourth quarter worth approximately $1,892,000. 9.63% of the stock is owned by hedge funds and other institutional investors.

About Ramaco Resources

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.