Ramaco Resources (NASDAQ:METCB) Stock Price Down 6.5% – What’s Next?

Ramaco Resources, Inc. (NASDAQ:METCB)’s stock price dropped 6.5% on Friday . The stock traded as low as $11.05 and last traded at $10.87. Approximately 4,319 shares were traded during trading, a decline of 90% from the average daily volume of 43,045 shares. The stock had previously closed at $11.63.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat.com, Ramaco Resources presently has an average rating of “Sell”.

Ramaco Resources Trading Up 0.1%

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 has a market capitalization of $768.24 million, a P/E ratio of -11.64 and a beta of 1.03. The business’s fifty day simple moving average is $12.61 and its two-hundred day simple moving average is $13.71.

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

Hedge Funds Weigh In On Ramaco Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in METCB. XTX Topco Ltd acquired a new position in Ramaco Resources in the 4th quarter valued at approximately $129,000. Millennium Management LLC increased its position in shares of Ramaco Resources by 46.3% during the fourth quarter. Millennium Management LLC now owns 20,608 shares of the company’s stock valued at $242,000 after purchasing an additional 6,519 shares during the period. Yorktown Energy Partners XI L.P. increased its position in shares of Ramaco Resources by 1.4% during the fourth quarter. Yorktown Energy Partners XI L.P. now owns 1,252,527 shares of the company’s stock valued at $14,717,000 after purchasing an additional 17,768 shares during the period. Yorktown Energy Partners IX L.P. raised its stake in shares of Ramaco Resources by 1.4% in the fourth quarter. Yorktown Energy Partners IX L.P. now owns 1,235,359 shares of the company’s stock valued at $14,515,000 after purchasing an additional 17,040 shares in the last quarter. Finally, Yorktown Energy Partners X L.P. raised its stake in shares of Ramaco Resources by 1.4% in the fourth quarter. Yorktown Energy Partners X L.P. now owns 827,876 shares of the company’s stock valued at $9,728,000 after purchasing an additional 11,744 shares in the last quarter. 9.63% of the stock is currently owned by institutional investors.

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.