Welsbach Technology Metals Acquisition (NASDAQ:EMAT – Get Free Report) released its quarterly earnings data on Monday. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01, Zacks reports. The company had revenue of $1.64 million for the quarter, compared to the consensus estimate of $2.10 million.
Welsbach Technology Metals Acquisition Stock Performance
Shares of NASDAQ:EMAT opened at $3.12 on Wednesday. The company’s 50 day moving average price is $5.19 and its two-hundred day moving average price is $7.10. Welsbach Technology Metals Acquisition has a 12-month low of $2.15 and a 12-month high of $24.08.
Analysts Set New Price Targets
EMAT has been the subject of a number of research reports. Litchfield Hills Research assumed coverage on shares of Welsbach Technology Metals Acquisition in a research note on Tuesday, June 30th. They set a “buy” rating and a $12.00 target price for the company. Weiss Ratings cut shares of Welsbach Technology Metals Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 7th. Wall Street Zen downgraded shares of Welsbach Technology Metals Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Zacks Research upgraded Welsbach Technology Metals Acquisition to a “hold” rating in a report on Wednesday, July 1st. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.00.
About Welsbach Technology Metals Acquisition
Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals sectors. Welsbach Technology Metals Acquisition Corp. was incorporated in 2021 and is based in Lombard, Illinois.
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