Ramaco Resources (NASDAQ:METCB) Posts Earnings Results

Ramaco Resources (NASDAQ:METCB) announced its quarterly earnings results on Tuesday. The company reported ($0.26) earnings per share (EPS) for the quarter, Zacks reports. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%.

Ramaco Resources Trading Down 6.7%

NASDAQ:METCB traded down $0.46 on Tuesday, hitting $6.43. 120,736 shares of the stock were exchanged, compared to its average volume of 45,783. 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 has a 52 week low of $6.20 and a 52 week high of $22.11. The stock has a market capitalization of $419.11 million, a price-to-earnings ratio of -5.85 and a beta of 1.19. The company’s 50-day moving average price is $9.16 and its 200 day moving average price is $10.62.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ramaco Resources in a research note on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of METCB. South Dakota Investment Council raised its position in Ramaco Resources by 1.4% during the 4th quarter. South Dakota Investment Council now owns 86,696 shares of the company’s stock worth $1,019,000 after purchasing an additional 1,227 shares during the last quarter. Bank of America Corp DE grew its position in shares of Ramaco Resources by 574.4% in the 3rd quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock valued at $54,000 after buying an additional 2,717 shares during the last quarter. State Street Corp increased its stake in shares of Ramaco Resources by 14.3% in the fourth quarter. State Street Corp now owns 30,637 shares of the company’s stock valued at $360,000 after buying an additional 3,831 shares during the period. Millennium Management LLC raised 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 worth $242,000 after acquiring an additional 6,519 shares during the last quarter. Finally, XTX Topco Ltd raised its position in shares of Ramaco Resources by 49.2% during the second quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock worth $167,000 after acquiring an additional 6,727 shares during the last quarter. 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.