Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $10.79, but opened at $10.54. Ramaco Resources shares last traded at $10.54, with a volume of 353 shares traded.
Ramaco Resources Stock Performance
The firm has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $10.96.
Ramaco Resources (NASDAQ:METCB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $155.32 million during the quarter.
Ramaco Resources Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.2246 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.60%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Ramaco Resources stock. American Century Companies Inc. boosted its stake in shares of Ramaco Resources, Inc. (NASDAQ:METCB - Free Report) by 10.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,040 shares of the company's stock after purchasing an additional 11,997 shares during the quarter. American Century Companies Inc. owned approximately 0.24% of Ramaco Resources worth $1,401,000 at the end of the most recent reporting period. 9.63% of the stock is currently owned by hedge funds and other institutional investors.
About Ramaco Resources
(
Get Free Report)
Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.
Read More
Before you consider Ramaco Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ramaco Resources wasn't on the list.
While Ramaco Resources currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
