Ramaco Resources (NASDAQ:METCB – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.32) earnings per share for the quarter, Zacks reports. Ramaco Resources had a negative net margin of 11.98% and a negative return on equity of 13.54%.
Ramaco Resources Stock Down 2.4%
Ramaco Resources stock traded down $0.10 during mid-day trading on Tuesday, reaching $4.12. 52,984 shares of the company’s stock were exchanged, compared to its average volume of 57,043. The company has a market cap of $261.17 million, a P/E ratio of -3.85 and a beta of 1.37. The company has a fifty day moving average of $5.07 and a 200-day moving average of $8.75. Ramaco Resources has a twelve month low of $3.57 and a twelve month high of $17.22. The company has a quick ratio of 3.31, a current ratio of 4.23 and a debt-to-equity ratio of 1.23.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered shares of Ramaco Resources from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
View Our Latest Report on METCB
About Ramaco Resources
Ramaco Resources, Inc is a coal company that develops, operates and sells metallurgical coal, a key raw material used in steelmaking. The company produces several grades of metallurgical coal for domestic and international steel and coke markets, with its activities focused primarily on mining, processing and marketing coal.
Ramaco Resources operates in the Central Appalachian region, including assets in southern West Virginia and southwestern Virginia. Its portfolio has included the Elk Creek complex and other development and production properties in the region.
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