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

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

Separately, Maxim Group reduced their price target 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 Stock Performance

Shares of FEAM opened at $4.48 on Wednesday. 5E Advanced Materials has a 52-week low of $3.60 and a 52-week high of $57.04. 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 firm has a market cap of $13.44 million, a price-to-earnings ratio of -0.18 and a beta of 1.57. The business’s 50 day moving average is $10.67 and its two-hundred day moving average is $12.53.

5E Advanced Materials (NASDAQ:FEAM) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($4.83) earnings per share (EPS) for the quarter. Analysts forecast 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 raised 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 disclosure with the Securities and Exchange Commission (SEC). The fund owned 487,922 shares of the company’s stock after purchasing 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.