Lynas Rare Earths (OTCMKTS:LYSDY) Shares Pass Below 50-Day Moving Average – What’s Next?

Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.61 and traded as low as $11.46. Lynas Rare Earths shares last traded at $11.48, with a volume of 152,184 shares.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Lynas Rare Earths Price Performance

The stock’s 50 day moving average price is $11.61 and its 200-day moving average price is $12.60. The company has a quick ratio of 7.94, a current ratio of 9.25 and a debt-to-equity ratio of 0.05.

About Lynas Rare Earths

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest?grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.