Ramaco Resources (NASDAQ:METCB) Trading Down 5.5% – Here’s Why

Ramaco Resources, Inc. (NASDAQ:METCB) traded down 5.5% on Wednesday . The stock traded as low as $14.00 and last traded at $13.4650. 25,703 shares traded hands during trading, a decline of 77% from the average session volume of 110,766 shares. The stock had previously closed at $14.25.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ramaco Resources in a report on Thursday, November 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Ramaco Resources Price Performance

The company has a quick ratio of 2.24, a current ratio of 2.97 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $874.43 million, a P/E ratio of -19.48 and a beta of 0.87. The business’s 50 day simple moving average is $16.36 and its two-hundred day simple moving average is $13.00.

Ramaco Resources (NASDAQ:METCB) last posted its 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%.

Ramaco Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a $0.1918 dividend. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 5.8%. Ramaco Resources’s payout ratio is presently -113.24%.

Hedge Funds Weigh In On Ramaco Resources

Institutional investors have recently added to or reduced their stakes in the business. Acuitas Investments LLC raised its holdings in shares of Ramaco Resources by 1.2% in the 3rd quarter. Acuitas Investments LLC now owns 182,621 shares of the company’s stock valued at $3,077,000 after acquiring an additional 2,163 shares in the last quarter. Yorktown Energy Partners IX L.P. lifted its position in Ramaco Resources by 1.2% during the third quarter. Yorktown Energy Partners IX L.P. now owns 1,218,319 shares of the company’s stock valued at $20,529,000 after purchasing an additional 14,266 shares during the last quarter. Yorktown Energy Partners X L.P. grew its stake in Ramaco Resources by 1.2% in the 3rd quarter. Yorktown Energy Partners X L.P. now owns 816,132 shares of the company’s stock worth $13,752,000 after buying an additional 9,667 shares in the last quarter. Yorktown Energy Partners XI L.P. raised its position in shares of Ramaco Resources by 1.2% during the 3rd quarter. Yorktown Energy Partners XI L.P. now owns 1,234,759 shares of the company’s stock valued at $20,806,000 after buying an additional 14,626 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Ramaco Resources by 35.9% during the 3rd quarter. Citadel Advisors LLC now owns 72,936 shares of the company’s stock worth $1,229,000 after acquiring an additional 19,280 shares during the last quarter. 9.63% of the stock is currently owned by institutional investors.

About Ramaco Resources

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.