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

Key Points

• The stock gapped up pre-market from $10.21 to $10.98 and last traded at $10.67 on very light volume (984 shares), remaining below its 50‑day ($11.60) and 200‑day ($13.01) moving averages.
• Analysts are bearish: Weiss Ratings reissued a Sell (d+) and MarketBeat shows an average rating of Sell.
• Financials point to ongoing weakness with Q EPS of ($0.26), negative ROE and net margin, though the company has a ~$707M market cap, debt/equity of 0.95 and strong liquidity (current ratio 5.46, quick ratio 4.66).

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report)'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 traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Ramaco Resources in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Ramaco Resources has an average rating of "Sell".

Ramaco Resources Price Performance

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

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

Hedge Funds Weigh In On Ramaco Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in METCB. Yorktown Energy Partners XI L.P. raised its position in Ramaco Resources by 1.4% in the fourth quarter. Yorktown Energy Partners XI L.P. now owns 1,252,527 shares of the company's stock valued at $14,717,000 after purchasing an additional 17,768 shares during the period. Yorktown Energy Partners IX L.P. raised its position in Ramaco Resources by 1.4% in the fourth quarter. Yorktown Energy Partners IX L.P. now owns 1,235,359 shares of the company's stock valued at $14,515,000 after purchasing an additional 17,040 shares during the period. Yorktown Energy Partners X L.P. raised its position in Ramaco Resources by 1.4% in the fourth quarter. Yorktown Energy Partners X L.P. now owns 827,876 shares of the company's stock valued at $9,728,000 after purchasing an additional 11,744 shares during the period. First Eagle Investment Management LLC raised its position in Ramaco Resources by 52.7% in the fourth quarter. First Eagle Investment Management LLC now owns 467,126 shares of the company's stock valued at $5,489,000 after purchasing an additional 161,292 shares during the period. Finally, Vanguard Group Inc. raised its position in Ramaco Resources by 40.0% in the third quarter. Vanguard Group Inc. now owns 327,496 shares of the company's stock valued at $5,518,000 after purchasing an additional 93,635 shares during the period. Institutional investors and hedge funds own 9.63% of the company's stock.

Ramaco Resources Company Profile

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.

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