5E Advanced Materials (NASDAQ:FEAM) Earns Sell (E) Rating from Weiss Ratings

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

Separately, Maxim Group lowered 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 note on Wednesday, February 19th.

5E Advanced Materials Stock Up 3.1 %

5E Advanced Materials stock opened at $4.33 on Friday. The stock has a market cap of $12.97 million, a price-to-earnings ratio of -0.17 and a beta of 1.67. 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’s 50-day moving average price is $6.87 and its two-hundred day moving average price is $10.28. 5E Advanced Materials has a 52 week low of $2.82 and a 52 week high of $45.89.

5E Advanced Materials (NASDAQ:FEAM) last released its earnings results on Thursday, February 13th. The company reported ($4.83) EPS for the quarter. On average, analysts expect that 5E Advanced Materials will post -9.22 EPS for the current fiscal 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 grew its holdings in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% in the 3rd quarter, according to the company in 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 period. Geode Capital Management LLC owned approximately 0.71% of 5E Advanced Materials worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

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.