Wall Street Zen downgraded shares of Welsbach Technology Metals Acquisition (NASDAQ:EMAT – Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.
Other equities research analysts have also issued research reports about the company. Litchfield Hills Research began coverage on Welsbach Technology Metals Acquisition in a report on Tuesday, June 30th. They issued a “buy” rating and a $12.00 price objective on the stock. Zacks Research upgraded Welsbach Technology Metals Acquisition to a “hold” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings downgraded Welsbach Technology Metals Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Welsbach Technology Metals Acquisition currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.
View Our Latest Analysis on Welsbach Technology Metals Acquisition
Welsbach Technology Metals Acquisition Trading Down 0.3%
Welsbach Technology Metals Acquisition (NASDAQ:EMAT – Get Free Report) last released its quarterly earnings results on Monday, August 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $1.64 million for the quarter, compared to analysts’ expectations of $2.10 million. On average, research analysts forecast that Welsbach Technology Metals Acquisition will post -0.77 EPS for the current fiscal year.
About Welsbach Technology Metals Acquisition
Welsbach Technology Metals Acquisition Corp. is a special purpose acquisition company (SPAC) organized to pursue a business combination with an operating company. Unlike a traditional industrial or mining company, it was established to raise capital through a public offering and use those funds, together with other financing, to acquire or merge with a target business.
The company’s stated focus is the technology metals sector, which includes businesses involved in critical and strategic minerals, metals exploration and production, processing, recycling, and related technologies.
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