Ramaco Resources (NASDAQ:METCB) Stock Price Down 7.2% – Should You Sell?

Ramaco Resources, Inc. (NASDAQ:METCB)’s stock price traded down 7.2% during trading on Monday . The company traded as low as $13.94 and last traded at $13.4550. 22,576 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 39,004 shares. The stock had previously closed at $14.50.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ramaco Resources in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ramaco Resources presently has a consensus rating of “Sell”.

Ramaco Resources Price Performance

The firm has a market cap of $852.06 million, a P/E ratio of -18.99 and a beta of 0.97. 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’s 50-day simple moving average is $12.15 and its two-hundred day simple moving average is $14.25.

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

Institutional Investors Weigh In On Ramaco Resources

Hedge funds and other institutional investors have recently modified their holdings of the business. MCF Advisors LLC bought a new stake in shares of Ramaco Resources during the 3rd quarter worth approximately $27,000. Bank of America Corp DE increased its stake in Ramaco Resources by 574.4% in the third quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock worth $54,000 after purchasing an additional 2,717 shares during the period. Byrne Asset Management LLC bought a new stake in shares of Ramaco Resources during the third quarter worth $172,000. Franklin Resources Inc. purchased a new stake in shares of Ramaco Resources during the third quarter valued at $177,000. Finally, Lunt Capital Management Inc. bought a new position in shares of Ramaco Resources in the fourth quarter worth about $148,000. 9.63% of the stock is currently owned by hedge funds and other institutional investors.

Ramaco Resources Company Profile

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.