Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Down – Time to Sell?

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $11.81, but opened at $11.15. Lynas Rare Earths shares last traded at $11.0775, with a volume of 110,654 shares.

Analyst Ratings Changes

LYSDY has been the topic of a number of analyst reports. The Goldman Sachs Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. UBS Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lynas Rare Earths presently has a consensus rating of “Buy”.

Lynas Rare Earths Stock Down 5.2%

The firm has a 50-day moving average price of $9.46 and a 200-day moving average price of $9.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 1.67.

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.