Ramaco Resources (NASDAQ:METCB) Shares Gap Up – Time to Buy?

Ramaco Resources, Inc. (NASDAQ:METCB) gapped up prior to trading on Wednesday . The stock had previously closed at $12.22, but opened at $12.81. Ramaco Resources shares last traded at $12.6550, with a volume of 1,318 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Ramaco Resources in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Ramaco Resources Trading Up 1.1%

The stock has a market capitalization of $845.79 million, a P/E ratio of -18.85 and a beta of 0.87. The stock’s fifty day moving average price is $16.02 and its 200 day moving average price is $13.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.97 and a quick ratio of 2.24.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings data on Monday, October 27th. The company reported ($0.25) earnings per share for the quarter. The company had revenue of $121.00 million for the quarter. Ramaco Resources had a negative net margin of 5.67% and a negative return on equity of 7.52%.

Ramaco Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a $0.1918 dividend. The ex-dividend date was Friday, September 5th. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a dividend yield of 6.0%. Ramaco Resources’s dividend payout ratio (DPR) is presently -113.24%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Acuitas Investments LLC raised its holdings in shares of Ramaco Resources by 20.4% in the second quarter. Acuitas Investments LLC now owns 180,458 shares of the company’s stock valued at $1,476,000 after acquiring an additional 30,558 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Ramaco Resources during the 2nd quarter worth about $153,000. American Century Companies Inc. increased its position in Ramaco Resources by 12.6% during the 1st quarter. American Century Companies Inc. now owns 196,657 shares of the company’s stock valued at $1,398,000 after purchasing an additional 21,956 shares during the period. Wellington Management Group LLP increased its position in Ramaco Resources by 145.3% during the 1st quarter. Wellington Management Group LLP now owns 36,176 shares of the company’s stock valued at $257,000 after purchasing an additional 21,430 shares during the period. Finally, Encompass Capital Advisors LLC bought a new stake in shares of Ramaco Resources in the 1st quarter valued at about $166,000. 9.63% of the stock is currently owned by hedge funds and other institutional investors.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.