Ramaco Resources (NASDAQ:METCB) Stock Price Down 10.1% – Should You Sell?

Shares of Ramaco Resources, Inc. (NASDAQ:METCB) dropped 10.1% during mid-day trading on Thursday . The stock traded as low as $11.73 and last traded at $11.6910. Approximately 37,503 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 44,066 shares. The stock had previously closed at $13.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Ramaco Resources Stock Performance

The business’s 50-day simple moving average is $12.61 and its two-hundred day simple moving average is $14.21. The company has a quick ratio of 2.24, a current ratio of 2.97 and a debt-to-equity ratio of 0.24. The firm has a market cap of $776.82 million, a price-to-earnings ratio of -17.10 and a beta of 0.96.

Ramaco Resources (NASDAQ:METCB) last posted its earnings results on Wednesday, February 25th. The company reported ($0.26) EPS for the quarter. The business had revenue of $128.01 million for the quarter. Ramaco Resources had a negative net margin of 5.67% and a negative return on equity of 7.52%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd purchased a new position in shares of Ramaco Resources during the 2nd quarter valued at approximately $152,000. American Century Companies Inc. raised its position in Ramaco Resources by 12.7% during the second quarter. American Century Companies Inc. now owns 221,581 shares of the company’s stock worth $1,813,000 after acquiring an additional 24,924 shares during the period. XTX Topco Ltd lifted its holdings in Ramaco Resources by 49.2% during the second quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock valued at $167,000 after purchasing an additional 6,727 shares in the last quarter. Jane Street Group LLC purchased a new position in Ramaco Resources during the second quarter valued at $187,000. Finally, Yorktown Energy Partners X L.P. grew its position in shares of Ramaco Resources by 20.6% in the second quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock valued at $6,597,000 after purchasing an additional 137,742 shares during the period. 9.63% of the stock is owned by institutional investors and hedge funds.

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.