Ramaco Resources (NASDAQ:METCB) Reaches New 52-Week Low – Time to Sell?

Ramaco Resources, Inc. (NASDAQ:METCB)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.70 and last traded at $7.7450, with a volume of 14775 shares traded. The stock had previously closed at $7.91.

Analyst Ratings Changes

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

Ramaco Resources Stock Performance

The stock has a market cap of $501.89 million, a P/E ratio of -6.98 and a beta of 1.12. The firm has a 50 day moving average of $10.33 and a two-hundred day moving average of $11.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.93 and a current ratio of 4.88.

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

Hedge Funds Weigh In On Ramaco Resources

A number of institutional investors and hedge funds have recently bought and sold shares of METCB. First Eagle Investment Management LLC acquired a new position in Ramaco Resources during the 3rd quarter valued at $5,153,000. Yorktown Energy Partners XI L.P. grew its position in Ramaco Resources by 20.6% in the 2nd quarter. Yorktown Energy Partners XI L.P. now owns 1,220,133 shares of the company’s stock worth $9,981,000 after purchasing an additional 208,397 shares during the last quarter. Yorktown Energy Partners IX L.P. increased its holdings in shares of Ramaco Resources by 18.5% during the 2nd quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock worth $9,849,000 after purchasing an additional 188,278 shares during the period. Simcoe Capital LLC bought a new position in shares of Ramaco Resources during the 4th quarter worth about $1,892,000. Finally, Yorktown Energy Partners X L.P. raised its position in shares of Ramaco Resources by 20.6% during the second quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock valued at $6,597,000 after buying an additional 137,742 shares during the last quarter. Institutional investors own 9.63% of the company’s stock.

About Ramaco Resources

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.