5E Advanced Materials (NASDAQ:FEAM) Receives “Sell (E+)” Rating from Weiss Ratings

5E Advanced Materials (NASDAQ:FEAM)‘s stock had its “sell (e+)” rating reissued by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Maxim Group dropped their price target on 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday.

5E Advanced Materials Stock Down 3.2 %

Shares of FEAM stock opened at $4.30 on Wednesday. The stock’s 50 day simple moving average is $10.78 and its 200 day simple moving average is $12.58. The company has a debt-to-equity ratio of 35.91, a quick ratio of 0.15 and a current ratio of 0.15. 5E Advanced Materials has a twelve month low of $3.60 and a twelve month high of $57.04. The company has a market capitalization of $12.90 million, a price-to-earnings ratio of -0.17 and a beta of 1.57.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($4.83) earnings per share for the quarter. As a group, research analysts predict that 5E Advanced Materials will post -9.22 EPS for the current year.

Institutional Trading of 5E Advanced Materials

A hedge fund recently raised its stake in 5E Advanced Materials stock. Geode Capital Management LLC lifted its position in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 487,922 shares of the company’s stock after purchasing an additional 51,668 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of 5E Advanced Materials worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

About 5E Advanced Materials

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.