Lynas Rare Earths (OTCMKTS:LYSDY) Hits New 52-Week Low – Here’s Why

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s share price hit a new 52-week low during trading on Tuesday. The company traded as low as $8.08 and last traded at $8.09, with a volume of 569,678 shares changing hands. The stock had previously closed at $8.46.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Lynas Rare Earths presently has a consensus rating of “Strong Buy”.

Lynas Rare Earths Price Performance

The company has a current ratio of 9.35, a quick ratio of 8.04 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $10.40 and a two-hundred day simple moving average of $11.97.

Lynas Rare Earths Company Profile

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.