Ramaco Resources (NASDAQ:METCB) Issues Quarterly Earnings Results

Ramaco Resources (NASDAQ:METCB) posted its quarterly earnings data on Tuesday. The company reported ($0.26) EPS for the quarter, Zacks reports. Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.

Ramaco Resources Stock Performance

Shares of METCB traded down $0.46 during midday trading on Tuesday, reaching $6.43. The stock had a trading volume of 120,736 shares, compared to its average volume of 45,783. The firm has a market cap of $419.11 million, a PE ratio of -5.85 and a beta of 1.19. The firm has a 50 day simple moving average of $9.16 and a 200-day simple moving average of $10.62. Ramaco Resources has a one year low of $6.20 and a one year high of $22.11. The company has a current ratio of 4.88, a quick ratio of 3.93 and a debt-to-equity ratio of 1.06.

Hedge Funds Weigh In On Ramaco Resources

A number of institutional investors have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at approximately $348,000. Marshall Wace LLP bought a new position in Ramaco Resources during the fourth quarter worth $375,000. State Street Corp increased its holdings in shares of Ramaco Resources by 14.3% in the fourth quarter. State Street Corp now owns 30,637 shares of the company’s stock valued at $360,000 after purchasing an additional 3,831 shares during the last quarter. Jane Street Group LLC raised its position in shares of Ramaco Resources by 235.3% in the fourth quarter. Jane Street Group LLC now owns 94,288 shares of the company’s stock valued at $1,108,000 after purchasing an additional 66,170 shares during the period. Finally, South Dakota Investment Council lifted its stake in shares of Ramaco Resources by 1.4% during the 4th quarter. South Dakota Investment Council now owns 86,696 shares of the company’s stock worth $1,019,000 after buying an additional 1,227 shares during the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Ramaco Resources in a research report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.