Ramaco Resources (NASDAQ:METCB) Stock Price Down 6.3% – Time to Sell?

Ramaco Resources, Inc. (NASDAQ:METCB) shares were down 6.3% during mid-day trading on Monday . The company traded as low as $9.13 and last traded at $8.7590. Approximately 1,481 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 42,820 shares. The stock had previously closed at $9.35.

Wall Street Analysts Forecast Growth

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

Ramaco Resources Stock Down 1.4%

The stock has a market capitalization of $558.92 million, a price-to-earnings ratio of -7.80 and a beta of 0.98. The business has a 50-day moving average of $10.39 and a 200-day moving average of $11.28. 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 announced its earnings results on Monday, May 11th. The company reported ($0.30) earnings per share for the quarter. Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.The company had revenue of $121.61 million for the quarter.

Hedge Funds Weigh In On Ramaco Resources

A number of hedge funds have recently made changes to their positions in the stock. J. Derek Lewis & Associates Inc. increased its holdings in Ramaco Resources by 46.0% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 33,990 shares of the company’s stock valued at $347,000 after purchasing an additional 10,703 shares during the last quarter. South Dakota Investment Council lifted its stake in Ramaco Resources by 1.4% during the first quarter. South Dakota Investment Council now owns 87,933 shares of the company’s stock worth $897,000 after purchasing an additional 1,237 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Ramaco Resources by 8.8% during the first quarter. Dimensional Fund Advisors LP now owns 66,814 shares of the company’s stock worth $681,000 after buying an additional 5,408 shares during the period. Fifth Third Bancorp boosted its position in shares of Ramaco Resources by 11,116.7% during the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock worth $158,000 after buying an additional 15,341 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at $129,000. Hedge funds and other institutional investors own 9.63% of the company’s stock.

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.