Ramaco Resources (NASDAQ:METCB) Shares Down 6.3% – Should You Sell?

Ramaco Resources, Inc. (NASDAQ:METCB)’s share price traded down 6.3% during mid-day trading on Monday . The company traded as low as $9.13 and last traded at $8.7590. 1,481 shares traded hands during trading, a decline of 97% from the average session volume of 42,820 shares. The stock had previously closed at $9.35.

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

Ramaco Resources Stock Down 7.6%

The firm has a 50-day moving average of $10.47 and a two-hundred day moving average of $11.32. The firm has a market cap of $563.16 million, a price-to-earnings ratio of -7.84 and a beta of 0.98. The company has a current ratio of 4.88, a quick ratio of 3.93 and a debt-to-equity ratio of 1.06.

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

Hedge Funds Weigh In On Ramaco Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Yorktown Energy Partners XI L.P. boosted its holdings in Ramaco Resources by 1.4% in 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 purchasing an additional 17,768 shares during the period. Yorktown Energy Partners IX L.P. increased its holdings 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 worth $14,515,000 after purchasing an additional 17,040 shares during the period. Yorktown Energy Partners X L.P. raised its position in shares of Ramaco Resources by 1.4% during the fourth quarter. Yorktown Energy Partners X L.P. now owns 827,876 shares of the company’s stock valued at $9,728,000 after buying an additional 11,744 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Ramaco Resources by 52.7% during the fourth quarter. First Eagle Investment Management LLC now owns 467,126 shares of the company’s stock valued at $5,489,000 after buying an additional 161,292 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Ramaco Resources by 40.0% in the third quarter. Vanguard Group Inc. now owns 327,496 shares of the company’s stock valued at $5,518,000 after buying an additional 93,635 shares during the period. 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.