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 research report report published on Friday,Weiss Ratings reports.

Separately, Maxim Group dropped their price objective on 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th.

5E Advanced Materials Trading Down 10.8 %

Shares of FEAM opened at $3.78 on Friday. The firm’s 50 day simple moving average is $9.25 and its 200 day simple moving average is $11.16. The company has a market capitalization of $11.32 million, a P/E ratio of -0.15 and a beta of 1.67. The company has a debt-to-equity ratio of 35.91, a current ratio of 0.15 and a quick ratio of 0.15. 5E Advanced Materials has a 1-year low of $3.04 and a 1-year high of $45.88.

5E Advanced Materials (NASDAQ:FEAM) last released its quarterly earnings data on Thursday, February 13th. The company reported ($4.83) earnings per share for the quarter. Sell-side analysts forecast that 5E Advanced Materials will post -9.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 5E Advanced Materials

A hedge fund recently raised its stake in 5E Advanced Materials stock. Geode Capital Management LLC boosted its position in 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% in the third quarter, according to the company in its most recent disclosure 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 quarter.

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.