Ramaco Resources (NASDAQ:METC) Stock Price Down 3.3% – Time to Sell?

Ramaco Resources, Inc. (NASDAQ:METC) was down 3.3% on Friday . The company traded as low as $10.30 and last traded at $10.36. Approximately 41,104 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 189,024 shares. The stock had previously closed at $10.71.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their price target on Ramaco Resources from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, September 17th.

Ramaco Resources Price Performance

The stock has a market capitalization of $546.83 million, a price-to-earnings ratio of 16.02 and a beta of 1.14. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $11.55 and a 200 day simple moving average of $11.90.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Monday, November 4th. The energy company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, equities research analysts forecast that Ramaco Resources, Inc. will post 0.86 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Monday, December 2nd. Ramaco Resources’s dividend payout ratio (DPR) is presently 84.62%.

Institutional Trading of Ramaco Resources

A number of institutional investors have recently bought and sold shares of METC. American Century Companies Inc. increased its position in Ramaco Resources by 14.9% in the 2nd quarter. American Century Companies Inc. now owns 694,615 shares of the energy company’s stock worth $8,648,000 after purchasing an additional 90,014 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ramaco Resources by 21.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company’s stock valued at $17,186,000 after buying an additional 245,924 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in Ramaco Resources by 190.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 89,958 shares of the energy company’s stock worth $1,053,000 after buying an additional 58,980 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Ramaco Resources by 231.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock valued at $3,070,000 after acquiring an additional 183,163 shares in the last quarter. Finally, Lunt Capital Management Inc. raised its position in Ramaco Resources by 619.0% during the third quarter. Lunt Capital Management Inc. now owns 71,900 shares of the energy company’s stock valued at $841,000 after acquiring an additional 61,900 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

About Ramaco Resources

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.