Ramaco Resources (NASDAQ:METCB) Stock Price Down 5.6% – Should You Sell?

Ramaco Resources, Inc. (NASDAQ:METCB) shares were down 5.6% on Thursday . The company traded as low as $11.40 and last traded at $11.3230. Approximately 7,198 shares traded hands during trading, a decline of 80% from the average daily volume of 36,347 shares. The stock had previously closed at $12.00.

Ramaco Resources Stock Down 4.8%

The business has a fifty day moving average of $10.50 and a 200 day moving average of $11.83. The stock has a market cap of $744.36 million, a price-to-earnings ratio of -10.38 and a beta of 0.91. The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93.

Ramaco Resources (NASDAQ:METCB) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.30) earnings per share (EPS) for the quarter. Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.The business had revenue of $121.61 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. J. Derek Lewis & Associates Inc. grew its stake in shares of Ramaco Resources by 46.0% in the first quarter. J. Derek Lewis & Associates Inc. now owns 33,990 shares of the company’s stock worth $347,000 after acquiring an additional 10,703 shares during the last quarter. South Dakota Investment Council grew its position in Ramaco Resources by 1.4% in the 1st quarter. South Dakota Investment Council now owns 87,933 shares of the company’s stock worth $897,000 after purchasing an additional 1,237 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ramaco Resources by 8.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 66,814 shares of the company’s stock worth $681,000 after purchasing an additional 5,408 shares during the period. Fifth Third Bancorp raised its position in shares of Ramaco Resources by 11,116.7% during the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock valued at $158,000 after buying an additional 15,341 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Ramaco Resources during the fourth quarter valued at about $129,000. 9.63% of the stock is currently owned by institutional investors and hedge funds.

About Ramaco Resources

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.