5E Advanced Materials (NASDAQ:FEAM) Given “Sell (E+)” Rating at Weiss Ratings

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

Separately, Maxim Group reduced 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 Price Performance

5E Advanced Materials stock opened at $3.78 on Friday. The firm has a market cap of $11.32 million, a PE ratio of -0.15 and a beta of 1.67. 5E Advanced Materials has a 52-week low of $3.04 and a 52-week high of $45.88. 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 $9.25 and its two-hundred day moving average is $11.28.

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

Institutional Investors Weigh In On 5E Advanced Materials

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

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.