Ramaco Resources (NASDAQ:METCB) Trading 5.8% Higher – What’s Next?

Shares of Ramaco Resources, Inc. (NASDAQ:METCB) were up 5.8% during trading on Thursday . The company traded as high as $11.40 and last traded at $11.2730. Approximately 13,775 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 43,283 shares. The stock had previously closed at $10.65.

Wall Street Analyst Weigh In

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

Ramaco Resources Stock Performance

The company has a current ratio of 5.46, a quick ratio of 4.66 and a debt-to-equity ratio of 0.95. The stock has a 50-day simple moving average of $12.61 and a 200-day simple moving average of $13.73. The company has a market capitalization of $768.27 million, a price-to-earnings ratio of -11.64 and a beta of 1.03.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MCF Advisors LLC acquired a new stake in Ramaco Resources during the 3rd quarter valued at $27,000. Bank of America Corp DE lifted its position 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 in the last quarter. XTX Topco Ltd bought a new position in shares of Ramaco Resources in the fourth quarter worth about $129,000. Lunt Capital Management Inc. acquired a new position in shares of Ramaco Resources during the fourth quarter worth approximately $148,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of Ramaco Resources in the third quarter valued at approximately $172,000. 9.63% of the stock is owned by institutional investors and hedge funds.

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.