Ramaco Resources (NASDAQ:METCB) Reaches New 52-Week Low – Time to Sell?

Ramaco Resources, Inc. (NASDAQ:METCB) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.70 and last traded at $7.7450, with a volume of 14775 shares. The stock had previously closed at $7.91.

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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Ramaco Resources Price Performance

The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average price is $10.33 and its two-hundred day moving average price is $11.25. The firm has a market capitalization of $501.89 million, a price-to-earnings ratio of -6.98 and a beta of 1.12.

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

Hedge Funds Weigh In On Ramaco Resources

Hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Ramaco Resources by 12.7% during the second quarter. American Century Companies Inc. now owns 221,581 shares of the company’s stock valued at $1,813,000 after acquiring an additional 24,924 shares in the last quarter. XTX Topco Ltd grew its position in Ramaco Resources by 49.2% in the second quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock worth $167,000 after acquiring an additional 6,727 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Ramaco Resources during the 2nd quarter worth $187,000. Yorktown Energy Partners X L.P. increased its stake in shares of Ramaco Resources by 20.6% during the 2nd quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock worth $6,597,000 after purchasing an additional 137,742 shares during the last quarter. Finally, Yorktown Energy Partners IX L.P. raised its holdings in shares of Ramaco Resources by 18.5% during the 2nd quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock valued at $9,849,000 after purchasing an additional 188,278 shares in the last quarter. Institutional investors and hedge funds 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.