Ramaco Resources (NASDAQ:METCB) Stock Price Down 7% – What’s Next?

Ramaco Resources, Inc. (NASDAQ:METCB) was down 7% during trading on Tuesday . The stock traded as low as $10.53 and last traded at $10.6150. Approximately 87,617 shares traded hands during trading, a decline of 19% from the average daily volume of 108,711 shares. The stock had previously closed at $11.42.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ramaco Resources in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Ramaco Resources has an average rating of “Sell”.

Ramaco Resources Stock Performance

The firm has a fifty day moving average of $13.96 and a 200 day moving average of $13.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.97 and a quick ratio of 2.24. The stock has a market capitalization of $634.26 million, a price-to-earnings ratio of -14.13 and a beta of 0.94.

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

Institutional Trading of Ramaco Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Yorktown Energy Partners XI L.P. raised its position in shares of Ramaco Resources by 1.2% in the third quarter. Yorktown Energy Partners XI L.P. now owns 1,234,759 shares of the company’s stock worth $20,806,000 after acquiring an additional 14,626 shares during the period. Yorktown Energy Partners IX L.P. increased its stake in shares of Ramaco Resources by 1.2% in the 3rd quarter. Yorktown Energy Partners IX L.P. now owns 1,218,319 shares of the company’s stock valued at $20,529,000 after purchasing an additional 14,266 shares in the last quarter. Yorktown Energy Partners X L.P. raised its holdings in Ramaco Resources by 1.2% in the 3rd quarter. Yorktown Energy Partners X L.P. now owns 816,132 shares of the company’s stock worth $13,752,000 after purchasing an additional 9,667 shares during the period. Vanguard Group Inc. boosted its position in Ramaco Resources by 40.0% during the third quarter. Vanguard Group Inc. now owns 327,496 shares of the company’s stock worth $5,518,000 after purchasing an additional 93,635 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in Ramaco Resources in the third quarter valued at approximately $5,153,000. Institutional investors and hedge funds own 9.63% of the company’s stock.

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.