Welsbach Technology Metals Acquisition (NASDAQ:EMAT) Upgraded to “Hold” 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 report released on Saturday.

Several other brokerages also recently weighed in on EMAT. Litchfield Hills Research initiated coverage on Welsbach Technology Metals Acquisition in a research note on Tuesday, June 30th. They set a “buy” rating and a $12.00 target price on the stock. Zacks Research raised Welsbach Technology Metals Acquisition to a “hold” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings cut shares of Welsbach Technology Metals Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Welsbach Technology Metals Acquisition Stock Performance

NASDAQ EMAT opened at $3.27 on Friday. The company has a 50-day moving average price of $4.61 and a two-hundred day moving average price of $6.92. Welsbach Technology Metals Acquisition has a 52 week low of $2.15 and a 52 week high of $24.08.

Welsbach Technology Metals Acquisition (NASDAQ:EMAT) last released its quarterly earnings results on Monday, August 17th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $1.64 million for the quarter, compared to the consensus estimate of $2.10 million. Equities research analysts expect that Welsbach Technology Metals Acquisition will post -0.77 earnings per share for the current fiscal year.

About Welsbach Technology Metals Acquisition

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.