Lynas Rare Earths (OTCMKTS:LYSDY) Shares Down 4.5% – What’s Next?

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) fell 4.5% during mid-day trading on Tuesday. The company traded as low as $9.48 and last traded at $9.5150. Approximately 10,518 shares changed hands during trading, a decline of 97% from the average daily volume of 313,080 shares. The stock had previously closed at $9.96.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure raised shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Four research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Lynas Rare Earths Price Performance

The company has a current ratio of 9.35, a quick ratio of 8.04 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average price of $10.77 and a 200 day moving average price of $12.42.

About Lynas Rare Earths

Lynas Rare Earths Limited is an Australian mining and materials company that explores, extracts and processes rare earth minerals. The company is one of the leading rare earth producers outside China and supplies materials used in electric motors, electronics, wind turbines, industrial equipment and other advanced technologies.

Lynas operates the Mount Weld rare earths mine and concentration plant in Western Australia, which provides ore for further processing. It also operates a rare earths processing facility in Kalgoorlie, Western Australia, and an advanced materials plant in Gebeng, Malaysia.