Welsbach Technology Metals Acquisition (NASDAQ:EMAT) Posts Earnings Results

Welsbach Technology Metals Acquisition (NASDAQ:EMAT) announced its quarterly earnings results on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports.

Welsbach Technology Metals Acquisition Trading Down 4.0%

EMAT opened at $7.99 on Friday. The business has a 50 day simple moving average of $8.16. Welsbach Technology Metals Acquisition has a 12-month low of $5.50 and a 12-month high of $24.08.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EMAT. Weiss Ratings began coverage on shares of Welsbach Technology Metals Acquisition in a report on Tuesday, January 27th. They set a “sell (d-)” rating on the stock. Wall Street Zen raised shares of Welsbach Technology Metals Acquisition from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Clear Str raised shares of Welsbach Technology Metals Acquisition to a “strong-buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Welsbach Technology Metals Acquisition Company Profile

Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals sectors. Welsbach Technology Metals Acquisition Corp. was incorporated in 2021 and is based in Lombard, Illinois.