Weiss Ratings Reiterates Sell (E+) Rating for 5E Advanced Materials (NASDAQ:FEAM)

Weiss Ratings restated their sell (e+) rating on shares of 5E Advanced Materials (NASDAQ:FEAM) in a report issued on Wednesday morning,Weiss Ratings reports.

Separately, Maxim Group decreased their target price on shares of 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday.

5E Advanced Materials Trading Up 4.2 %

NASDAQ:FEAM opened at $4.48 on Wednesday. The firm has a market capitalization of $13.44 million, a P/E ratio of -0.18 and a beta of 1.57. The business has a 50 day simple moving average of $10.67 and a 200 day simple moving average of $12.53. The company has a debt-to-equity ratio of 35.91, a current ratio of 0.15 and a quick ratio of 0.15. 5E Advanced Materials has a 12-month low of $3.60 and a 12-month high of $57.04.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($4.83) earnings per share (EPS) for the quarter. Equities research analysts predict that 5E Advanced Materials will post -9.22 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in 5E Advanced Materials stock. Geode Capital Management LLC increased its stake in 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 487,922 shares of the company’s stock after purchasing an additional 51,668 shares during the quarter. Geode Capital Management LLC owned about 0.71% of 5E Advanced Materials worth $264,000 at the end of the most recent quarter.

About 5E Advanced Materials

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.