Ramaco Resources (NASDAQ:METCB) Hits New 12-Month Low – Should You Sell?

Ramaco Resources, Inc. (NASDAQ:METCB)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.01 and last traded at $7.2820, with a volume of 77604 shares changing hands. The stock had previously closed at $7.07.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ramaco Resources in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Ramaco Resources has a consensus rating of “Sell”.

Ramaco Resources Trading Down 4.6%

The stock’s 50-day simple moving average is $9.35 and its two-hundred day simple moving average is $10.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93. The firm has a market capitalization of $421.71 million, a P/E ratio of -5.88 and a beta of 1.11.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.30) EPS for the quarter. The firm 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

A number of hedge funds have recently made changes to their positions in METCB. J. Derek Lewis & Associates Inc. grew its position in shares of Ramaco Resources by 46.0% during the first quarter. J. Derek Lewis & Associates Inc. now owns 33,990 shares of the company’s stock worth $347,000 after purchasing an additional 10,703 shares in the last quarter. South Dakota Investment Council lifted its holdings in Ramaco Resources by 1.4% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ramaco Resources by 8.8% in the 1st 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 boosted its stake in Ramaco Resources by 11,116.7% in the 1st quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock worth $158,000 after purchasing an additional 15,341 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Ramaco Resources during the 4th quarter valued at approximately $129,000. 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.