Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Down – Should You Sell?

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $9.5950, but opened at $9.19. Lynas Rare Earths shares last traded at $8.75, with a volume of 49,316 shares trading hands.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Four investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Strong Buy”.

Lynas Rare Earths Trading Down 9.3%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 8.04 and a current ratio of 9.35. The company has a 50-day simple moving average of $10.71 and a two-hundred day simple moving average of $12.35.

About Lynas Rare Earths

Lynas Rare Earths Limited is an Australia-based producer of separated rare earth materials. The company operates across the rare earths supply chain, from mining and concentrating ore to processing and separation, supplying materials used in electric vehicles, renewable energy equipment, electronics, industrial applications and other advanced technologies.

Lynas mines ore at its Mount Weld operation in Western Australia and produces a rare earth concentrate at its nearby concentration plant.