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

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

5E Advanced Materials Stock Down 4.3 %

FEAM traded down $0.02 on Friday, hitting $0.47. 158,858 shares of the company were exchanged, compared to its average volume of 354,109. The firm has a 50-day moving average price of $0.51 and a two-hundred day moving average price of $0.66. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 35.91. 5E Advanced Materials has a twelve month low of $0.38 and a twelve month high of $2.48. The company has a market cap of $32.59 million, a price-to-earnings ratio of -0.42 and a beta of 1.64.

Institutional Investors Weigh In On 5E Advanced Materials

A number of hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in shares of 5E Advanced Materials during the second quarter worth $27,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in 5E Advanced Materials during the 2nd quarter worth about $61,000. Cubist Systematic Strategies LLC acquired a new position in shares of 5E Advanced Materials during the 2nd quarter worth about $83,000. Finally, Geode Capital Management LLC increased its holdings in shares of 5E Advanced Materials by 11.8% in the 3rd quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after acquiring an additional 51,668 shares during the last quarter.

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.