American Resources (NASDAQ:AREC) Issues Earnings Results

American Resources (NASDAQ:AREC) issued its quarterly earnings results on Monday. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04), Yahoo Finance reports. American Resources had a negative net margin of 179.75% and a negative return on equity of 978.72%. During the same quarter in the previous year, the company posted ($0.01) EPS.

American Resources Price Performance

AREC stock opened at $0.55 on Wednesday. The company has a market capitalization of $43.79 million, a PE ratio of -4.15 and a beta of 0.31. The company’s fifty day moving average price is $0.67 and its 200-day moving average price is $1.13. American Resources has a one year low of $0.44 and a one year high of $1.86. The company has a debt-to-equity ratio of 230.66, a quick ratio of 0.29 and a current ratio of 0.30.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AREC. EF Hutton Acquisition Co. I raised shares of American Resources to a “strong-buy” rating in a report on Monday, June 3rd. Roth Mkm reaffirmed a “buy” rating and issued a $5.00 price objective on shares of American Resources in a research note on Friday, May 24th.

About American Resources

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.