Ramaco Resources (NASDAQ:METCB) Sets New 52-Week High - Should You Buy?

Shares of Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) hit a new 52-week high on Friday . The company traded as high as $14.85 and last traded at $14.48, with a volume of 207897 shares traded. The stock had previously closed at $13.11.

Ramaco Resources Trading Up 6.4%

The business has a 50-day simple moving average of $8.47 and a 200 day simple moving average of $8.52. The stock has a market cap of $763.07 million, a P/E ratio of -154.98 and a beta of 0.77.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter. The company had revenue of $134.66 million during the quarter.

Ramaco Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.1811 per share. This represents a $0.72 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date was Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is currently -800.00%.

Institutional Trading of Ramaco Resources

A number of institutional investors and hedge funds have recently modified their holdings of METCB. Barclays PLC increased its position in Ramaco Resources by 19.3% in the fourth quarter. Barclays PLC now owns 8,572 shares of the company's stock worth $85,000 after buying an additional 1,388 shares during the last quarter. Bank of New York Mellon Corp increased its position in Ramaco Resources by 7.8% in the first quarter. Bank of New York Mellon Corp now owns 25,628 shares of the company's stock worth $182,000 after buying an additional 1,848 shares during the last quarter. Acuitas Investments LLC increased its position in Ramaco Resources by 1.6% in the first quarter. Acuitas Investments LLC now owns 149,900 shares of the company's stock worth $1,066,000 after buying an additional 2,362 shares during the last quarter. Bank of America Corp DE increased its position in Ramaco Resources by 64.6% in the fourth quarter. Bank of America Corp DE now owns 12,516 shares of the company's stock worth $124,000 after buying an additional 4,914 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of Ramaco Resources by 39.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 24,458 shares of the company's stock worth $242,000 after acquiring an additional 6,927 shares during the period. 9.63% of the stock is owned by hedge funds and other institutional investors.

Ramaco Resources Company Profile

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.