Ramaco Resources (NASDAQ:METCB) Stock Price Down 8.1% – Should You Sell?

Ramaco Resources, Inc. (NASDAQ:METCB) shares were down 8.1% during mid-day trading on Monday . The stock traded as low as $8.08 and last traded at $7.90. Approximately 8,475 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 43,684 shares. The stock had previously closed at $8.60.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Ramaco Resources in a research note on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Ramaco Resources Stock Down 3.7%

The company has a market capitalization of $503.19 million, a price-to-earnings ratio of -7.02 and a beta of 1.11. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average price of $9.93 and a 200-day moving average price of $11.08.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Ramaco Resources by 574.4% in the 3rd quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock valued at $54,000 after acquiring an additional 2,717 shares in the last quarter. XTX Topco Ltd purchased a new position in Ramaco Resources during the 4th quarter worth approximately $129,000. Lunt Capital Management Inc. acquired a new stake in Ramaco Resources during the 4th quarter valued at $148,000. Fifth Third Bancorp lifted its holdings in shares of Ramaco Resources by 11,116.7% in the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock valued at $158,000 after purchasing an additional 15,341 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Ramaco Resources in the third quarter valued at $177,000. 9.63% of the stock is currently 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.