5E Advanced Materials’ (FEAM) Sell (E) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (e) rating on shares of 5E Advanced Materials (NASDAQ:FEAM) in a report released on Saturday,Weiss Ratings reports.

Separately, Maxim Group cut their target price on shares of 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th.

5E Advanced Materials Stock Down 8.1 %

FEAM opened at $3.98 on Friday. 5E Advanced Materials has a one year low of $2.82 and a one year high of $45.89. The company has a debt-to-equity ratio of 35.91, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $11.92 million, a P/E ratio of -0.16 and a beta of 1.67. The business’s 50-day simple moving average is $6.69 and its 200-day simple moving average is $10.20.

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

Hedge Funds Weigh In On 5E Advanced Materials

An institutional investor recently raised its position in 5E Advanced Materials stock. Geode Capital Management LLC boosted its stake in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 487,922 shares of the company’s stock after acquiring an additional 51,668 shares during the quarter. Geode Capital Management LLC owned about 0.71% of 5E Advanced Materials worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

5E Advanced Materials Company Profile

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.