Ramaco Resources (NASDAQ:METCB) Hits New 12-Month Low – Time to Sell?

Ramaco Resources, Inc. (NASDAQ:METCB) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $7.01 and last traded at $7.2820, with a volume of 77604 shares changing hands. The stock had previously closed at $7.07.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Ramaco Resources in a report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently 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 company’s fifty day moving average price is $9.46 and its 200 day moving average price is $10.82. The company has a market capitalization of $503.35 million, a P/E ratio of -7.01 and a beta of 1.11.

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

Institutional Investors Weigh In On Ramaco Resources

Several institutional investors and hedge funds have recently bought and sold shares of METCB. Bank of America Corp DE grew its stake in Ramaco Resources by 574.4% during the third quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock worth $54,000 after buying an additional 2,717 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Ramaco Resources during the 4th quarter worth approximately $129,000. Lunt Capital Management Inc. bought a new position in Ramaco Resources in the fourth quarter valued at approximately $148,000. Fifth Third Bancorp raised its position in Ramaco Resources by 11,116.7% during the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock valued at $158,000 after purchasing an additional 15,341 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in Ramaco Resources during the third quarter worth $177,000. 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.