Ramaco Resources (NASDAQ:METCB) Hits New 1-Year Low – What’s Next?

Ramaco Resources, Inc. (NASDAQ:METCB)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.42 and last traded at $7.76, with a volume of 54524 shares traded. The stock had previously closed at $7.72.

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 analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ramaco Resources presently has a consensus rating of “Sell”.

Ramaco Resources Price Performance

The company has a market cap of $521.44 million, a PE ratio of -7.27 and a beta of 1.11. The stock has a fifty day moving average price of $9.78 and a 200-day moving average price of $11.02. The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93.

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

Hedge Funds Weigh In On Ramaco Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. J. Derek Lewis & Associates Inc. grew its stake in Ramaco Resources by 46.0% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 33,990 shares of the company’s stock valued at $347,000 after acquiring an additional 10,703 shares in the last quarter. South Dakota Investment Council boosted its holdings in shares of Ramaco Resources by 1.4% during the first quarter. South Dakota Investment Council now owns 87,933 shares of the company’s stock worth $897,000 after purchasing an additional 1,237 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Ramaco Resources by 8.8% during the first quarter. Dimensional Fund Advisors LP now owns 66,814 shares of the company’s stock worth $681,000 after purchasing an additional 5,408 shares during the period. Fifth Third Bancorp grew its position in Ramaco Resources by 11,116.7% during the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock valued at $158,000 after purchasing an additional 15,341 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Ramaco Resources during the fourth quarter valued at approximately $129,000. Hedge funds and other institutional investors own 9.63% of the company’s stock.

About Ramaco Resources

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.