Ramaco Resources (NASDAQ:METCB) Sets New 1-Year Low – Time to Sell?

Ramaco Resources, Inc. (NASDAQ:METCB) shares reached a new 52-week low during trading on Thursday . The company traded as low as $7.70 and last traded at $7.7450, with a volume of 14775 shares changing hands. The stock had previously closed at $7.91.

Wall Street Analyst Weigh In

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

Ramaco Resources Price Performance

The stock’s 50-day moving average is $10.22 and its 200 day moving average is $11.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.93 and a current ratio of 4.88. The stock has a market capitalization of $506.45 million, a PE ratio of -7.06 and a beta of 1.11.

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

Institutional Trading of Ramaco Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Ramaco Resources by 574.4% during the 3rd 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 during the last quarter. Franklin Resources Inc. acquired a new position in Ramaco Resources during the third quarter worth approximately $177,000. XTX Topco Ltd purchased a new stake in Ramaco Resources in the fourth quarter valued at approximately $129,000. Lunt Capital Management Inc. purchased a new stake in Ramaco Resources in the fourth quarter valued at approximately $148,000. Finally, Pingora Partners LLC lifted its stake in Ramaco Resources by 10,988.3% in the fourth quarter. Pingora Partners LLC now owns 15,191 shares of the company’s stock valued at $178,000 after buying an additional 15,054 shares during the last quarter. 9.63% of the stock is owned by hedge funds and other institutional investors.

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.