American Resources (NASDAQ:AREC) Trading Up 1% – Here’s What Happened

American Resources Co. (NASDAQ:AREC)’s stock price rose 1% during trading on Wednesday . The stock traded as high as $1.03 and last traded at $1.02. Approximately 215,602 shares traded hands during trading, a decline of 29% from the average daily volume of 303,081 shares. The stock had previously closed at $1.01.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reduced their price target on shares of American Resources from $5.00 to $4.00 and set a “buy” rating for the company in a report on Monday, September 30th.

American Resources Trading Up 1.0 %

The stock has a market cap of $78.97 million, a price-to-earnings ratio of -4.86 and a beta of 0.17. The firm has a fifty day simple moving average of $0.82 and a 200 day simple moving average of $0.88.

American Resources (NASDAQ:AREC) last issued its earnings results on Monday, August 19th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). American Resources had a negative net margin of 332.74% and a negative return on equity of 978.72%. During the same period last year, the business earned ($0.01) earnings per share. On average, equities analysts expect that American Resources Co. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Resources stock. Vanguard Group Inc. grew its position in American Resources Co. (NASDAQ:AREC) by 7.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,988,101 shares of the company’s stock after purchasing an additional 216,800 shares during the period. Vanguard Group Inc. owned about 3.77% of American Resources worth $4,213,000 as of its most recent filing with the SEC. 9.32% of the stock is owned by institutional investors.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.