Ramaco Resources (NASDAQ:METCB) Shares Down 5.4% – Should You Sell?

Ramaco Resources, Inc. (NASDAQ:METCB)’s share price dropped 5.4% during trading on Friday . The stock traded as low as $11.15 and last traded at $10.9810. Approximately 7,745 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 42,740 shares. The stock had previously closed at $11.61.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Ramaco Resources in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Ramaco Resources has an average rating of “Sell”.

Ramaco Resources Stock Down 10.2%

The stock has a market cap of $688.41 million, a price-to-earnings ratio of -10.43 and a beta of 1.03. The company has a current ratio of 5.46, a quick ratio of 4.66 and a debt-to-equity ratio of 0.95. The stock’s 50-day moving average price is $12.76 and its 200-day moving average price is $13.89.

Ramaco Resources (NASDAQ:METCB) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.26) earnings per share for the quarter. Ramaco Resources had a negative return on equity of 11.36% and a negative net margin of 9.59%.The business had revenue of $128.01 million during the quarter.

Institutional Trading of Ramaco Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC acquired a new stake in Ramaco Resources in the third quarter valued at approximately $5,153,000. Yorktown Energy Partners XI L.P. increased its holdings in shares of Ramaco Resources by 20.6% during the second quarter. Yorktown Energy Partners XI L.P. now owns 1,220,133 shares of the company’s stock valued at $9,981,000 after acquiring an additional 208,397 shares in the last quarter. Yorktown Energy Partners IX L.P. raised its position in shares of Ramaco Resources by 18.5% during the second 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 acquired a new position in shares of Ramaco Resources during the fourth quarter worth approximately $1,892,000. Finally, Yorktown Energy Partners X L.P. lifted its holdings in shares of Ramaco Resources by 20.6% in the 2nd quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock worth $6,597,000 after purchasing an additional 137,742 shares in the last quarter. 9.63% of the stock is owned by institutional investors.

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.