Shares of Westmoreland Coal (NASDAQ:WLB) were down 5.5% during mid-day trading on Monday . The stock traded as low as $1.51 and last traded at $1.56. Approximately 1,177,449 shares changed hands during mid-day trading, an increase of 132% from the average daily volume of 506,890 shares. The stock had previously closed at $1.65.

Several analysts have issued reports on WLB shares. Zacks Investment Research upgraded Westmoreland Coal from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd. B. Riley restated a “buy” rating on shares of Westmoreland Coal in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $6.00.

The company has a debt-to-equity ratio of -1.32, a current ratio of 1.04 and a quick ratio of 0.71. The company has a market cap of $29.43, a PE ratio of -0.22 and a beta of 0.66.

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in shares of Westmoreland Coal by 72.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 183,562 shares of the coal producer’s stock worth $894,000 after purchasing an additional 77,221 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Westmoreland Coal by 53.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 56,152 shares of the coal producer’s stock worth $274,000 after purchasing an additional 19,500 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Westmoreland Coal in the 2nd quarter worth about $377,000. Federated Investors Inc. PA boosted its holdings in shares of Westmoreland Coal by 52.5% in the 2nd quarter. Federated Investors Inc. PA now owns 201,952 shares of the coal producer’s stock worth $984,000 after purchasing an additional 69,556 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Westmoreland Coal by 35.6% in the 2nd quarter. Alliancebernstein L.P. now owns 27,400 shares of the coal producer’s stock worth $133,000 after purchasing an additional 7,200 shares in the last quarter. Institutional investors and hedge funds own 65.90% of the company’s stock.

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About Westmoreland Coal

Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.

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