Ramaco Resources (NASDAQ:METCB) Hits New 12-Month Low – Here’s Why

Shares of Ramaco Resources, Inc. (NASDAQ:METCB) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $7.61 and last traded at $7.7790, with a volume of 27548 shares. The stock had previously closed at $7.76.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Ramaco Resources in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Ramaco Resources Stock Up 0.4%

The stock has a market cap of $507.75 million, a P/E ratio of -7.08 and a beta of 1.11. The company has a current ratio of 4.88, a quick ratio of 3.93 and a debt-to-equity ratio of 1.06. The firm’s fifty day moving average is $10.05 and its 200 day moving average is $11.13.

Ramaco Resources (NASDAQ:METCB) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $121.61 million during the quarter. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of METCB. American Century Companies Inc. grew its stake in shares of Ramaco Resources by 12.7% in the second quarter. American Century Companies Inc. now owns 221,581 shares of the company’s stock worth $1,813,000 after acquiring an additional 24,924 shares during the last quarter. XTX Topco Ltd raised its stake in Ramaco Resources by 49.2% during the 2nd quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock valued at $167,000 after purchasing an additional 6,727 shares during the last quarter. Jane Street Group LLC bought a new stake in Ramaco Resources in the 2nd quarter valued at $187,000. Yorktown Energy Partners X L.P. grew its position in Ramaco Resources by 20.6% in the 2nd quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock worth $6,597,000 after purchasing an additional 137,742 shares during the last quarter. Finally, Yorktown Energy Partners IX L.P. grew its position in Ramaco Resources by 18.5% in the 2nd quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock worth $9,849,000 after purchasing an additional 188,278 shares during the last quarter. 9.63% of the stock is currently owned by institutional investors and hedge funds.

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.