Welsbach Technology Metals Acquisition (NASDAQ:EMAT) Issues Quarterly Earnings Results

Welsbach Technology Metals Acquisition (NASDAQ:EMAT) announced its quarterly earnings data on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports.

Welsbach Technology Metals Acquisition Stock Down 0.7%

EMAT opened at $8.27 on Friday. Welsbach Technology Metals Acquisition has a 12 month low of $5.50 and a 12 month high of $24.08. The business’s fifty day moving average is $8.15.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Weiss Ratings initiated coverage on shares of Welsbach Technology Metals Acquisition in a report on Tuesday, January 27th. They issued a “sell (d-)” rating on the stock. Wall Street Zen upgraded shares of Welsbach Technology Metals Acquisition to a “sell” rating in a report on Saturday, March 14th. Finally, Clear Str raised shares of Welsbach Technology Metals Acquisition to a “strong-buy” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Welsbach Technology Metals Acquisition Company Profile

Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals sectors. Welsbach Technology Metals Acquisition Corp. was incorporated in 2021 and is based in Lombard, Illinois.