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

5E Advanced Materials (NASDAQ:FEAM)‘s stock had its “sell (e+)” rating reiterated by analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

5E Advanced Materials Stock Down 8.1 %

FEAM opened at $0.36 on Friday. The business’s fifty day moving average is $0.51 and its two-hundred day moving average is $0.61. The company has a debt-to-equity ratio of 35.91, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $25.01 million, a price-to-earnings ratio of -0.32 and a beta of 1.57. 5E Advanced Materials has a one year low of $0.34 and a one year high of $2.48.

Hedge Funds Weigh In On 5E Advanced Materials

A number of institutional investors have recently made changes to their positions in FEAM. Cubist Systematic Strategies LLC acquired a new position in shares of 5E Advanced Materials in the second quarter worth $83,000. Geode Capital Management LLC raised its holdings in shares of 5E Advanced Materials by 11.8% in the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock worth $264,000 after acquiring an additional 51,668 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of 5E Advanced Materials in the second quarter worth $27,000.

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.