5E Advanced Materials (NASDAQ:FEAM) Given Sell (E) Rating at Weiss Ratings

Weiss Ratings reaffirmed their sell (e) rating on shares of 5E Advanced Materials (NASDAQ:FEAM) in a research note released on Saturday morning,Weiss Ratings reports.

5E Advanced Materials Stock Down 4.3 %

Shares of 5E Advanced Materials stock traded down $0.02 during trading on Friday, reaching $0.47. 158,858 shares of the company traded hands, compared to its average volume of 354,109. The firm has a market capitalization of $32.59 million, a PE ratio of -0.42 and a beta of 1.64. 5E Advanced Materials has a 1-year low of $0.38 and a 1-year high of $2.48. The company has a 50 day moving average price of $0.51 and a 200-day moving average price of $0.66. The company has a debt-to-equity ratio of 35.91, a current ratio of 1.08 and a quick ratio of 1.08.

Hedge Funds Weigh In On 5E Advanced Materials

Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in 5E Advanced Materials in the 2nd quarter valued at about $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in 5E Advanced Materials in the second quarter valued at approximately $61,000. Cubist Systematic Strategies LLC acquired a new stake in 5E Advanced Materials in the second quarter valued at approximately $83,000. Finally, Geode Capital Management LLC increased its holdings in shares of 5E Advanced Materials by 11.8% during the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after acquiring an additional 51,668 shares in the last quarter.

About 5E Advanced Materials

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.