5E Advanced Materials (NASDAQ:FEAM) Given Sell (E+) Rating at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of 5E Advanced Materials (NASDAQ:FEAM) in a research note issued to investors on Saturday,Weiss Ratings reports.

Separately, Maxim Group decreased their target price on shares of 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th.

5E Advanced Materials Stock Down 2.0%

Shares of 5E Advanced Materials stock opened at $4.33 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 35.91. The company’s fifty day simple moving average is $4.14 and its two-hundred day simple moving average is $7.98. The company has a market cap of $77.92 million, a P/E ratio of -0.17 and a beta of 1.61. 5E Advanced Materials has a 12-month low of $2.82 and a 12-month high of $45.89.

5E Advanced Materials (NASDAQ:FEAM) last released its earnings results on Thursday, February 13th. The company reported ($4.83) earnings per share for the quarter. Research analysts anticipate that 5E Advanced Materials will post -9.22 EPS for the current year.

Institutional Trading of 5E Advanced Materials

An institutional investor recently raised its position in 5E Advanced Materials stock. Geode Capital Management LLC lifted its holdings in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 487,922 shares of the company’s stock after acquiring an additional 51,668 shares during the period. Geode Capital Management LLC owned approximately 0.71% of 5E Advanced Materials worth $264,000 at the end of the most recent quarter.

About 5E Advanced Materials

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.