Ramaco Resources (NASDAQ:METCB) Stock Price Down 5.5% – Should You Sell?

Ramaco Resources, Inc. (NASDAQ:METCB) shares fell 5.5% during mid-day trading on Wednesday . The stock traded as low as $14.00 and last traded at $13.4650. Approximately 25,703 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 110,766 shares. The stock had previously closed at $14.25.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Ramaco Resources in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Ramaco Resources Stock Performance

The company has a 50-day simple moving average of $16.36 and a two-hundred day simple moving average of $13.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 2.97. The firm has a market capitalization of $874.43 million, a P/E ratio of -19.48 and a beta of 0.87.

Ramaco Resources (NASDAQ:METCB) last released its quarterly earnings results on Monday, October 27th. The company reported ($0.25) earnings per share for the quarter. The firm 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a dividend of $0.1918 per share. 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 5.8%. The ex-dividend date of this dividend was Friday, September 5th. Ramaco Resources’s payout ratio is -113.24%.

Institutional Trading of Ramaco Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC purchased a new stake in shares of Ramaco Resources during the third quarter valued at approximately $27,000. Bank of New York Mellon Corp raised its stake in shares of Ramaco Resources by 7.8% in the first quarter. Bank of New York Mellon Corp now owns 25,628 shares of the company’s stock worth $182,000 after purchasing an additional 1,848 shares during the last quarter. Acuitas Investments LLC lifted its holdings in shares of Ramaco Resources by 1.2% during the third quarter. Acuitas Investments LLC now owns 182,621 shares of the company’s stock valued at $3,077,000 after purchasing an additional 2,163 shares in the last quarter. Bank of America Corp DE increased its holdings in Ramaco Resources by 574.4% in the 3rd quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock worth $54,000 after buying an additional 2,717 shares in the last quarter. Finally, XTX Topco Ltd raised its position in Ramaco Resources by 49.2% in the 2nd quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock worth $167,000 after buying an additional 6,727 shares during the last quarter. Hedge funds and other institutional investors 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.