Ramaco Resources (NASDAQ:METCB) Shares Gap Up – Should You Buy?

Ramaco Resources, Inc. (NASDAQ:METCB)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $10.21, but opened at $10.98. Ramaco Resources shares last traded at $10.67, with a volume of 984 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Ramaco Resources in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Ramaco Resources Price Performance

The company has a quick ratio of 4.66, a current ratio of 5.46 and a debt-to-equity ratio of 0.95. The company has a market cap of $707.43 million, a PE ratio of -10.54 and a beta of 1.17. The stock has a 50-day simple moving average of $11.60 and a 200 day simple moving average of $13.01.

Ramaco Resources (NASDAQ:METCB) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.26) earnings per share (EPS) for the quarter. The firm had revenue of $128.01 million during the quarter. Ramaco Resources had a negative net margin of 9.59% and a negative return on equity of 11.36%.

Institutional Investors Weigh In On Ramaco Resources

Several institutional investors and hedge funds have recently modified their holdings of METCB. American Century Companies Inc. raised its holdings in shares of Ramaco Resources by 12.7% in the 2nd quarter. American Century Companies Inc. now owns 221,581 shares of the company’s stock valued at $1,813,000 after buying an additional 24,924 shares during the period. XTX Topco Ltd raised its holdings in shares of Ramaco Resources by 49.2% in the 2nd quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock valued at $167,000 after buying an additional 6,727 shares during the period. Jane Street Group LLC purchased a new stake in shares of Ramaco Resources in the 2nd quarter valued at $187,000. Yorktown Energy Partners X L.P. increased its holdings in Ramaco Resources by 20.6% during 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 period. Finally, Yorktown Energy Partners IX L.P. increased its holdings in Ramaco Resources by 18.5% during 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 period. Hedge funds and other institutional investors own 9.63% of the company’s stock.

About Ramaco Resources

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.