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

Weiss Ratings reaffirmed their sell (e) rating on shares of 5E Advanced Materials (NASDAQ:FEAM) in a research report report published on Saturday morning,Weiss Ratings reports.

Separately, Maxim Group decreased their price objective on shares of 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th.

5E Advanced Materials Stock Down 8.1 %

5E Advanced Materials stock opened at $3.98 on Friday. The stock’s 50 day moving average price is $6.69 and its 200 day moving average price is $10.20. 5E Advanced Materials has a 1-year low of $2.82 and a 1-year high of $45.89. The company has a market cap of $11.92 million, a PE ratio of -0.16 and a beta of 1.67. The company has a debt-to-equity ratio of 35.91, a current ratio of 0.15 and a quick ratio of 0.15.

5E Advanced Materials (NASDAQ:FEAM) last issued its earnings results on Thursday, February 13th. The company reported ($4.83) EPS for the quarter. On average, sell-side analysts predict that 5E Advanced Materials will post -9.22 EPS for the current fiscal year.

Hedge Funds Weigh In On 5E Advanced Materials

A hedge fund recently raised its stake in 5E Advanced Materials stock. Geode Capital Management LLC grew its position in 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 487,922 shares of the company’s stock after buying an additional 51,668 shares during the quarter. Geode Capital Management LLC owned 0.71% of 5E Advanced Materials worth $264,000 at the end of the most recent quarter.

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.