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

5E Advanced Materials (NASDAQ:FEAM)‘s stock had its “sell (e+)” rating reaffirmed by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Maxim Group dropped 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 research report on Wednesday.

5E Advanced Materials Trading Down 11.6 %

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 firm has a market cap of $306.54 million, a price-to-earnings ratio of -4.07 and a beta of 1.57. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 35.91. The company’s 50 day moving average is $0.65 and its 200-day moving average is $0.61.

5E Advanced Materials (NASDAQ:FEAM) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.21) EPS for the quarter. Equities analysts anticipate that 5E Advanced Materials will post -0.4 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 holdings in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 487,922 shares of the company’s stock after buying an additional 51,668 shares during the period. Geode Capital Management LLC owned about 0.71% of 5E Advanced Materials worth $264,000 as of its most recent SEC filing.

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.