American Resources’ (AREC) Buy Rating Reiterated at Roth Mkm

Roth Mkm reissued their buy rating on shares of American Resources (NASDAQ:AREC) in a research note issued to investors on Friday morning, Benzinga reports. They currently have a $5.00 price target on the stock.

American Resources Price Performance

Shares of NASDAQ:AREC opened at $1.26 on Friday. The company’s fifty day moving average is $1.39 and its two-hundred day moving average is $1.46. The company has a quick ratio of 1.93, a current ratio of 0.30 and a debt-to-equity ratio of 230.66. American Resources has a 12-month low of $1.20 and a 12-month high of $2.16. The company has a market cap of $97.12 million, a P/E ratio of -9.65 and a beta of 0.41.

American Resources (NASDAQ:AREC) last announced its earnings results on Monday, May 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. American Resources had a negative net margin of 179.75% and a negative return on equity of 978.72%. The company had revenue of $0.09 million for the quarter, compared to the consensus estimate of $0.10 million. During the same period in the previous year, the business earned ($0.04) EPS. Equities analysts expect that American Resources will post -0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Resources

An institutional investor recently bought a new position in American Resources stock. Jump Financial LLC purchased a new stake in shares of American Resources Co. (NASDAQ:AREC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,800 shares of the company’s stock, valued at approximately $35,000. Institutional investors and hedge funds own 9.32% of the company’s stock.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.