Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – Time to Buy?

Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) gapped up prior to trading on Friday. The stock had previously closed at $7.67, but opened at $7.99. Lynas Rare Earths shares last traded at $7.75, with a volume of 42,520 shares traded.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Lynas Rare Earths Price Performance

The company has a current ratio of 9.35, a quick ratio of 8.04 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average price is $10.33 and its 200 day moving average price is $11.93.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited is an Australia-based producer of separated rare earth materials. The company operates across the rare earths supply chain, from mining and concentrating ore to processing and separation, supplying materials used in electric vehicles, renewable energy equipment, electronics, industrial applications and other advanced technologies.

Lynas mines ore at its Mount Weld operation in Western Australia and produces a rare earth concentrate at its nearby concentration plant.