Ramaco Resources (NASDAQ:METCB) Trading Down 6.3% – Time to Sell?

Ramaco Resources, Inc. (NASDAQ:METCB) shares fell 6.3% during mid-day trading on Monday . The stock traded as low as $9.13 and last traded at $8.7590. Approximately 1,481 shares changed hands during trading, a decline of 97% from the average daily volume of 42,820 shares. The stock had previously closed at $9.35.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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, Ramaco Resources has a consensus rating of “Sell”.

Ramaco Resources Stock Down 7.6%

The company has a market capitalization of $563.16 million, a price-to-earnings ratio of -7.84 and a beta of 0.98. The business has a fifty day simple moving average of $10.47 and a two-hundred day simple moving average of $11.32. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06.

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

Institutional Investors Weigh In On Ramaco Resources

Several large investors have recently made changes to their positions in the company. J. Derek Lewis & Associates Inc. increased its position in shares of Ramaco Resources by 46.0% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 33,990 shares of the company’s stock worth $347,000 after purchasing an additional 10,703 shares in the last quarter. South Dakota Investment Council boosted its position in Ramaco Resources by 1.4% in the first quarter. South Dakota Investment Council now owns 87,933 shares of the company’s stock valued at $897,000 after buying an additional 1,237 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Ramaco Resources by 8.8% in the first quarter. Dimensional Fund Advisors LP now owns 66,814 shares of the company’s stock valued at $681,000 after buying an additional 5,408 shares in the last quarter. Fifth Third Bancorp grew its stake in Ramaco Resources by 11,116.7% during the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock worth $158,000 after buying an additional 15,341 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Ramaco Resources during the fourth quarter worth approximately $129,000. 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.