Welsbach Technology Metals Acquisition (NASDAQ:EMAT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Welsbach Technology Metals Acquisition (NASDAQ:EMAT) from a sell rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other analysts have also issued reports on EMAT. Weiss Ratings lowered shares of Welsbach Technology Metals Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 7th. Litchfield Hills Research assumed coverage on shares of Welsbach Technology Metals Acquisition in a research report on Tuesday, June 30th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Zacks Research upgraded shares of Welsbach Technology Metals Acquisition to a “hold” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Welsbach Technology Metals Acquisition Trading Up 18.3%

Shares of Welsbach Technology Metals Acquisition stock opened at $3.87 on Friday. Welsbach Technology Metals Acquisition has a 12-month low of $2.15 and a 12-month high of $24.08. The business’s 50 day moving average is $4.55 and its 200-day moving average is $6.90.

Welsbach Technology Metals Acquisition (NASDAQ:EMAT) last released its quarterly earnings data on Monday, August 17th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $1.64 million during the quarter, compared to analyst estimates of $2.10 million. On average, equities research analysts expect that Welsbach Technology Metals Acquisition will post -0.77 EPS for the current year.

Welsbach Technology Metals Acquisition Company Profile

Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals sectors. Welsbach Technology Metals Acquisition Corp. was incorporated in 2021 and is based in Lombard, Illinois.