Welsbach Technology Metals Acquisition (NASDAQ:EMAT) Issues Earnings Results, Beats Estimates By $0.01 EPS

Welsbach Technology Metals Acquisition (NASDAQ:EMAT) released its quarterly earnings data on Monday. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01, Zacks reports.

Welsbach Technology Metals Acquisition Stock Performance

Shares of Welsbach Technology Metals Acquisition stock opened at $3.03 on Monday. The firm has a market capitalization of $7.54 million and a price-to-earnings ratio of -151.50. Welsbach Technology Metals Acquisition has a fifty-two week low of $2.15 and a fifty-two week high of $24.08. The stock has a 50 day moving average of $5.33 and a 200 day moving average of $7.16.

Analyst Ratings Changes

A number of analysts have issued reports on EMAT shares. Litchfield Hills Research initiated coverage on Welsbach Technology Metals Acquisition in a research note on Tuesday, June 30th. They issued a “buy” rating and a $12.00 target price for the company. Zacks Research raised shares of Welsbach Technology Metals Acquisition to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings lowered shares of Welsbach Technology Metals Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 7th. Finally, Wall Street Zen cut shares of Welsbach Technology Metals Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Welsbach Technology Metals Acquisition Company Profile

Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals sectors. Welsbach Technology Metals Acquisition Corp. was incorporated in 2021 and is based in Lombard, Illinois.