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

5E Advanced Materials (NASDAQ:FEAM)‘s stock had its “sell (e+)” rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

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

5E Advanced Materials Stock Performance

Shares of FEAM opened at $3.68 on Tuesday. 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 $66.23 million, a price-to-earnings ratio of -0.15 and a beta of 1.66. The company’s fifty day moving average is $4.75 and its 200-day moving average is $9.45. 5E Advanced Materials has a 12 month low of $2.82 and a 12 month high of $45.89.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($4.83) EPS for the quarter. Equities analysts expect that 5E Advanced Materials will post -9.22 EPS 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 grew its stake in 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 487,922 shares of the company’s stock after acquiring an additional 51,668 shares during the period. Geode Capital Management LLC owned 0.71% of 5E Advanced Materials worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

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.