American Resources (NASDAQ:AREC – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Roth Mkm in a note issued to investors on Friday, Benzinga reports. They presently have a $5.00 price objective on the stock. Roth Mkm’s target price points to a potential upside of 300.00% from the company’s previous close.
American Resources Stock Performance
Shares of American Resources stock traded down $0.01 during trading on Friday, hitting $1.25. 96,790 shares of the company’s stock were exchanged, compared to its average volume of 227,430. The stock has a market capitalization of $96.74 million, a price-to-earnings ratio of -9.54 and a beta of 0.41. The business has a 50-day simple moving average of $1.39 and a 200-day simple moving average of $1.46. American Resources has a 52-week low of $1.20 and a 52-week high of $2.16. The company has a debt-to-equity ratio of 230.66, a quick ratio of 1.93 and a current ratio of 0.30.
American Resources (NASDAQ:AREC – Get Free Report) last released its quarterly earnings data on Monday, May 20th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. American Resources had a negative return on equity of 978.72% and a negative net margin of 179.75%. The business had revenue of $0.09 million during the quarter, compared to analyst estimates of $0.10 million. During the same quarter last year, the business posted ($0.04) EPS. On average, research analysts forecast that American Resources will post -0.09 EPS for the current year.
Institutional Investors Weigh In On American Resources
American Resources Company Profile
American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.
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