Ramaco Resources (NASDAQ:METCB) Reaches New 52-Week Low – Time to Sell?

Ramaco Resources, Inc. (NASDAQ:METCB)’s share price reached a new 52-week low on Friday . The company traded as low as $7.61 and last traded at $7.7790, with a volume of 27548 shares changing hands. The stock had previously closed at $7.76.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Ramaco Resources in a report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Ramaco Resources Stock Up 10.8%

The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93. The stock has a fifty day moving average price of $10.02 and a two-hundred day moving average price of $11.11. The company has a market cap of $560.55 million, a P/E ratio of -7.82 and a beta of 1.11.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $121.61 million for the quarter. Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.

Institutional Trading of Ramaco Resources

Several institutional investors and hedge funds have recently made changes to their positions in METCB. Yorktown Energy Partners XI L.P. grew its position in Ramaco Resources by 20.6% in the 2nd quarter. Yorktown Energy Partners XI L.P. now owns 1,220,133 shares of the company’s stock worth $9,981,000 after purchasing an additional 208,397 shares in the last quarter. Yorktown Energy Partners IX L.P. lifted its position in shares of Ramaco Resources by 18.5% during the 2nd quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock worth $9,849,000 after buying an additional 188,278 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Ramaco Resources by 52.7% during the 4th quarter. First Eagle Investment Management LLC now owns 467,126 shares of the company’s stock worth $5,489,000 after buying an additional 161,292 shares in the last quarter. Simcoe Capital LLC purchased a new position in shares of Ramaco Resources in the 4th quarter worth approximately $1,892,000. Finally, Yorktown Energy Partners X L.P. boosted its stake 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 buying an additional 137,742 shares during the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.

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.