Ramaco Resources (NASDAQ:METCB) Shares Gap Down – Time to Sell?

Ramaco Resources, Inc. (NASDAQ:METCB) shares gapped down prior to trading on Tuesday . The stock had previously closed at $10.75, but opened at $10.21. Ramaco Resources shares last traded at $10.28, with a volume of 1,209 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Ramaco Resources in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Ramaco Resources Stock Up 2.7%

The company has a debt-to-equity ratio of 0.95, a current ratio of 5.46 and a quick ratio of 4.66. The stock has a market capitalization of $696.71 million, a P/E ratio of -10.38 and a beta of 1.03. The stock has a fifty day moving average price of $12.37 and a 200 day moving average price of $13.51.

Ramaco Resources (NASDAQ:METCB) last issued its quarterly earnings data on Wednesday, February 25th. The company reported ($0.26) earnings per share (EPS) for the quarter. Ramaco Resources had a negative return on equity of 11.36% and a negative net margin of 9.59%.The company had revenue of $128.01 million for the quarter.

Institutional Investors Weigh In On Ramaco Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the business. J. Derek Lewis & Associates Inc. purchased a new position in Ramaco Resources during the fourth quarter worth about $274,000. XTX Topco Ltd purchased a new position in shares of Ramaco Resources during the fourth quarter worth about $129,000. Millennium Management LLC lifted its position in Ramaco Resources by 46.3% during the fourth quarter. Millennium Management LLC now owns 20,608 shares of the company’s stock valued at $242,000 after purchasing an additional 6,519 shares during the last quarter. Yorktown Energy Partners XI L.P. raised its position in shares of Ramaco Resources by 1.4% during the 4th quarter. Yorktown Energy Partners XI L.P. now owns 1,252,527 shares of the company’s stock valued at $14,717,000 after buying an additional 17,768 shares in the last quarter. Finally, Yorktown Energy Partners IX L.P. raised its position in shares of Ramaco Resources by 1.4% during the 4th quarter. Yorktown Energy Partners IX L.P. now owns 1,235,359 shares of the company’s stock valued at $14,515,000 after buying an additional 17,040 shares in the last quarter. Hedge funds and other 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.