5E Advanced Materials’ (FEAM) “Sell (E+)” Rating Reaffirmed at Weiss Ratings

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

Separately, Maxim Group cut their price objective 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.

5E Advanced Materials Stock Performance

Shares of NASDAQ:FEAM opened at $4.44 on Wednesday. 5E Advanced Materials has a 12 month low of $3.60 and a 12 month high of $57.04. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 35.91. The company has a 50-day moving average price of $0.65 and a 200-day moving average price of $0.61. The company has a market cap of $306.54 million, a price-to-earnings ratio of -4.07 and a beta of 1.57.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.21) earnings per share (EPS) for the quarter. As a group, equities analysts anticipate that 5E Advanced Materials will post -0.4 EPS for the current year.

Institutional Trading of 5E Advanced Materials

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

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.